Will noncompete agreements become a thing of the past?

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In a move the Biden administration says is designed to promote job mobility and a healthy, competitive economy, President Biden recently signed an executive order restricting the use of noncompete agreements in hiring. And now, HR leaders have to gear up to make some potentially big changes to their employee contracts.

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The July 9 order instructs the Federal Trade Commission to adopt rules that either limit or ban the use of noncompete agreements when hiring workers. The order doesn’t outright prohibit employers from relying on such agreements but rather asks the FTC to create a federal regulation that would “curtail the

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