FTC's ban on noncompete agreements could impact Long Island businesses

The Federal Trade Commission, a government agency that enforces antitrust and consumer protection laws, has announced a final ruling that would ban the use of new noncompete clauses and agreements and make most existing ones unenforceable. 
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“While the goals of the noncompete ban are laudable, the real-world impact would be disastrous, stifling innovation and hurting our business community at a time when it already faces so many challenges,” Matt Cohen, president and chief executive of the Long Island Association, said in a statement.

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