FTC Announced New Extension Date for Commentary on Proposed Rule Barring Non-Competes
The original deadline for comments on the proposed rule was March 20. On March 6, the FTC announced it is extending the deadline to submit comments to April 19. As of March 9, a total of 16,965 comments (8,848 electronically) have been received on the proposed rule.
Comments can be submitted online at Regulations.gov or in writing to Federal Trade Commission, Office of the Secretary, 600 Pennsylvania Avenue NW, Suite CC-5610 (Annex C), Washington, DC 20580. Comments submitted online or in writing should reference “Non-Compete Clause Rulemaking, Matter No. P201200” on the comment.
Lawyers at Schwabe, Williamson & Wyatt, P.C. are advising clients who wish to submit comments in opposition to the rule. If you desire any assistance in submitting comments in opposition, or if a rule that invalidates non-competition agreements would severely negatively affect your company, please reach out for assistance.
This article summarizes aspects of the law and does not constitute legal advice. For legal advice for your situation, you should contact an attorney.
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