Ban on Non-Compete Agreements for Workers
This act aims to prevent employers from using non-compete agreements that restrict employees from working for another employer after their employment ends. This gives workers more freedom to seek new jobs and advance their careers without fear of legal repercussions. The act voids existing non-compete agreements and prohibits new ones, while still protecting company trade secrets.
Key points
Non-compete agreements that restrict working for another employer, in a specific area, or in a similar field, become void.
Employers can no longer enter into, extend, or enforce such agreements with employees.
The act does not affect agreements related to protecting company trade secrets.
It introduces penalties for employers who violate these new rules.
Expired
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