Often a bone of contention among employers, venture capitalists, and employees, non-compete agreements are now at the center of debate on Beacon Hill. The proposed "Act Relative to Non-Compete Agreements" could significantly change Massachusetts law regarding non-compete agreements. If passed, this legislation, currently pending before a House of Representatives Committee, would clarify the types of non-compete agreements that would be enforceable in Massachusetts. Among other changes, the bill proposes to:
- Impose strict timing parameters within which non-compete agreements must be signed;
- Require substantial compensation as consideration to current employees signing new non-compete agreements;
- Prohibit enforcement of non-compete agreements against employees earning less than $75,000 annually;
- Implement severe durational limits;
- Mandate attorneys' fees for employees; and
- Eliminate the inevitable disclosure doctrine.
Learn about all of these proposed changes and more while you can still lend a voice to the legislative debate.
For questions, please contact Michele Ryan at firstname.lastname@example.org.