UPDATE: A federal court in Texas has blocked this FTC rule from taking effect on September 4th as planned. More to come.....
New FTC Ruling
On April 23, 2024, the Federal Trade Commission issued a final rule to promote competition by banning non-competes nationwide, which they hope will generate over 8,500 new businesses each year. (See FTC announcement at link below.)
*SUNSHINE MANAGEMENT PARTNERS RECOMMENDS THAT IF YOU HAVE A NON-COMPETE OR NON-SOLICITATION AGREEMENT IN PLACE CURRENTLY, YOU SHOULD DISCUSS ANY FUTURE ACTIONS WITH YOUR LEGAL COUNSEL BEFORE CONSIDERING OUR PROGRAM FURTHER.
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