Re:New York State Senate passes prohibitions on non-competes
by delfinom on Wednesday June 14, 2023 @04:31PM
(#36332172)
The reality was courts in NY generally would never enforce a non-compete for a Subway like case. Courts do weigh the "equivalent exchange" and what the non-compete is "protecting". They were more problematic in any other higher paying field.
The first proposed bill bans all non-competes while the second proposed bill basically codifies non-competes are legal only if there's "good-faith" aka equivalent exchange. Which usually means payoff or enormous salary.
The first proposed bill bans all non-competes while the second proposed bill basically codifies non-competes are legal only if there's "good-faith" aka equivalent exchange. Which usually means payoff or enormous salary.