Amended definition noncompetition covenant; removed language that covenant is void against employee; removed requirement re aggrieved person be party to covenant.
Bill does not prohibit cause of action if covenant signed before Jan. 1, 2020, is being explicitly leveraged; also, adds to the laws displaced by the noncompete provisions.
To include certain contract principles related to discharge by assent or alteration.
Legislative History
On Jan. 8, 2024, bill was introduced in Senate; on Feb. 6, 2024, bill passed in Senate.
On Feb. 8, 2024, bill was introduced in House; on Feb. 22, 2024, bill passed in House.
On Mar. 13, 2024, bill was signed by the governor, enacted as Chapter 43, 2024 laws.
Effectiveness
Laws go into effect 90 days after the adjournment of the session, on Jun. 5, 2024.
