As part of an omnibus employment bill Minnesota passed a ban on most non-compete agreements effective July 1. Law applies to employees and independent contractors. Non-disclosure and non-solicitation agreements are exempt.
Minnesota is close to enacting a near-total bar on the use of covenants not to compete. The Minnesota Legislature released a Conference Committee Report on the bill (MN SF 3035), which.
The Minnesota Legislature released a Conference Committee Report on the bill. The new law is to take effect July 1, 2023. The definition of non-compete expressly excludes non-disclosure agreements, non-solicitation agreements and agreements designed to protect trade secrets.
Federal Trade Commission FTC Proposed Rule to ban noncompetes nationwide. Noncompetes are an often exploitative practice where employers limit employee ability to compete with them. Studies show noncompetes suppress wages, hamper innovation, block entrepreneurship.
Biden Administration acting through the Federal Trade Commission FTC published a proposed rule and regulations that would prohibit employers from imposing non-compete agreements and would rescind existing non-competes in most circumstances.