By Melissa Muro LaMere
On Could 24, 2023, Minnesota Governor Tim Walz signed SF 3035, banning all noncompete agreements entered into on or after July 1, 2023. Minnesota now joins the rising checklist of states inserting vital limitations on using restrictive covenants in employment. Listed here are six key issues each enterprise with Minnesota staff must know concerning the new regulation:
Employers with Minnesota staff or unbiased contractors ought to take into account working with employment counsel to make sure their agreements and processes are compliant with the brand new regulation, and that the enterprise is well-positioned to guard its key relationships and confidential info in gentle of this vital change to Minnesota regulation.
Melissa is admitted to apply regulation in Minnesota and isn’t admitted in California or every other state.