Businesses face 'seismic shift' after FTC bans noncompetes. Here's what they should do next.

The Federal Trade Commission finalized a rule banning noncompete agreements Tuesday — but that does not mean businesses and managers need to race to toss out their existing employment agreements. That's because the final rule, slated to go into effect in 120 days, will be met with legal challenges that will take time to play out. That gives businesses time to review their own policies and decide how they are going to approach noncompetes — and employment agreements in general — in a future…...