Even Alfred Williams couldn't get around a non-compete clause. Here's why this new law probably wouldn't have helped.
A prime example is, entitled"Restrictive Employment Agreements," which Polis signed into law on June 8. It essentially nixes what are known as non-compete clauses, which typically impose a delay on workers who want to leave a job in order to take a position with what might be seen as a competitor.
According to its summary, HB22-1317"declares that a restrictive employment agreement or covenant not to compete that restricts the right of any person to receive compensation for performance of labor for any employer is void, with certain exceptions." An employer who violates the provision is subject to a penalty of $5,000 for each employee or prospective employee, as well as injunctive relief and actual damages.
"The way they could have tried to get around these agreements before was by choosing a different venue or choosing a different law," Raykin explains."A lot of contracts have a choice-of-law clauses and a choice-of-venue clauses.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Colorado Tokers Love Project 4510Some strains just want to watch your brain burn.
Read more »
Why flooding could be more common in Colorado this summerWhen rain falls, if it does, Colorado faces a rising risk of flooding, mudslides and rockfalls — like those that closed Interstate 70 last year — due to an “expanding bullseye” of barre…
Read more »
Analysis: Why Chinese warplanes are 'playing chicken' with US allies — and why nowChinese warplanes are targeting US allies in a high-stakes 'game of chicken' over the Asia-Pacific that risks spiraling out of control -- raising the risk of an incident that could spark war.
Read more »
Kelley Wolf Reveals Why She Really Quit The Real World Homecoming: New Orleans'This was a pattern of menacing behavior that seemed to be escalating,' says Wolf, describing an incident where a female cast member allegedly 'screamed' in her face and other 'gross and uncomfortable' situations (via toofab)
Read more »
Why I Dream Of A One World Government & New World Order | HackerNoonIf the controllers can tie transactions to individuals, they can then harass and enslave individuals. This is why they are so fanatical about KYC and compliance in the realm of Web3.
Read more »
SAP BrandVoice: Why Resiliency Is The New Efficiency – And What You Can Do About ItFor years, when it comes to our supply chains, we have focused on improving efficiency and reducing costs. But this, as we have seen, has increased the risks to disruptions. Now we need to increase resiliency across our supply chains, whilst balancing this with efficiency.
Read more »