Tag Archive: noncompete agreements
Last year, Massachusetts reformed the law by passing the Massachusetts Noncompetition Agreement Act (Mass General Laws c. 149 §24L) Do you know whether your current practice adheres to the new law? Here’s what you need to know:
Noncompete agreements are designed to help employers protect valuable information from leaking when employees leave. Because these agreements restrict an employee’s ability to seek other employment, a balance must be struck that protects the needs of both parties. That’s the goal of the new Massachusetts law.
Whether employers require employees to sign noncompetition agreements varies from industry to industry. Before you consider implementing such a hiring policy, you should assess your business to determine if such an agreement ...