How the FTC Non-Compete Rule Could Affect the Veterinary Industry
May 3, 2024
Although non-competition agreements (NCAs) have been a staple in associate veterinarian employment agreements for a long time, there has been a recent trend in the industry to move away from the traditional geographic restrictive covenants. That trend may become the new normal because of a rule recently issued by the Federal Trade Commission (FTC). On April 23, 2024, the FTC by a 3-2 vote adopted a final rule that essentially bans all non-compete agreements arising from the employer/employee/independent contractor relationship. This rule wil...
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