N.Y. Bill Looks to Ban Noncompete Agreements
New York state legislators fast-tracked a bill to Gov. Kathy Hochul’s desk last week that aims to ban noncompete agreements, putting the state in line not only to prohibit the contentious contracts, but be the state with the broadest ban yet and the spark to fuel momentum for passing similar bills in other states.
If Gov. Hochul signs the bill, the labor contracts used to prevent employees from leaving a company and working for a competitor, or starting their own, would be banned in the state of New York.