New York Attorney General Issues Guidelines for Non-Compete Agreements
On September 18th, New York Attorney General Barbara D. Underwood, announced a settlement with WeWork Companies that will end their use of overly broad non-compete agreements for nearly all of its employees nationwide. This settlement ends the routine practice of WeWork requiring all levels of employees to sign a contract including a non-compete restriction regardless of job duties, knowledge of confidential information, or compensation.
In addition to the settlement announcement, the Attorney General’s office has also released “Non-Compete Agreements in New York State – Frequently Asked Questions” as a guide for employees to understanding the law on non-competes moving forward.
The guide provides insights concerning:
- The legality of non-competes in New York State
- Whether you should or should not sign a non-compete
- How employers enforce non-competes
- Your options if you signed a non-compete
A link to the guide can be found here.
Click here for more information on how Castaybert PLLC can assist you in drafting, enforcing, or negotiating your non-compete.
