Albany moves to bar nearly all non-compete employee agreements.
Nov. 21, 2023 12:58 pm ET
As lousy as New York’s business climate is, it can get worse. Democrats in Albany are reminding businesses of this by passing legislation that would ban so-called non-compete agreements in employer contracts. Call it another gift to Florida.
Opposition to non-compete agreements has become a new cause celebre on the left. Businesses use these contractual restrictions to prevent employees from going to work for competing employers for a specified period after leaving a company. The agreements safeguard a company’s intellectual property and investment in worker development.
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