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FTC bans noncompete clauses, declares vast majority unenforceable

Chamber of Commerce vows to sue FTC, will try to block ban on noncompetes.

The US Chamber of Commerce said it will sue the FTC in an effort to block the rule, claiming the ban is "a blatant power grab that will undermine American businesses' ability to remain competitive." "The FTC's final rule to ban noncompetes will ensure Americans have the freedom to pursue a new job, start a new business, or bring a new idea to market." Trade secret laws and nondisclosure agreements (NDAs) both provide employers with well-established means to protect proprietary and other sensitive information.

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