On April 23, 2024, the Federal Trade Commission (“FTC”) issued its final rule banning non-compete agreements under Section 5 of the FTC Act (the “Final Rule”) on a 3-2 vote. The FTC’s non-compete ban will upend the status quo between employers and their workers by generally preventing the use of non-compete agreements to protect employers’ trade secrets, confidential information, and historical investments into training executives, engineers, and sales teams. Notably, a lawsuit was filed against the FTC’s new rule within hours of its issuance. That lawsuit, and other expected litigation, may suspend the Final Rule’s implementation—at least for a while.