Implications for dental practice owners of the FTC's new noncompete rule

The Federal Trade Commission (FTC) has proposed a new rule that could ban noncompete agreements for most workers in the United States. This rule, if passed, would have significant implications for dental practice owners. Noncompete agreements have traditionally been used to prevent employees from joining competitors or starting rival practices nearby. Without the ability to enforce non-competes, dental practice owners will need to find alternative methods to retain talent and protect their business interests. The proposed rule aims to create a uniform standard by banning noncompete clauses nationwide, with exceptions for noncompete agreements tied to the sale of a business and existing covenants for certain high-level executives. While there is still uncertainty surrounding the implementation and legal challenges to the proposed rule, dental practice owners can take proactive steps to prepare for a potential noncompete-free environment, advises Bart Walker for Dentistry iQ.

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