Stay updated with breaking news from Noncompete Provision. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Minnesota legislature forwarded omnibus bill SF 3025, which includes a ban on employee noncompete provisions. Covenant not to compete provisions still be valid if they are reached as part of the sale of a business or in the anticipation of the dissolution of a business.
Kodiak Building Partners v. Adams challenges the assumption restrictive covenants entered in connection with a sale of business will be enforceable. The Delaware Court of Chancery limited this economic interest to the goodwill and information obtained through the acquisition.