Bill

Bill > A3715


NJ A3715

Limits certain provisions in restrictive covenants and limits enforceability of restrictive covenants.


summary

Introduced
05/02/2022
In Committee
05/19/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

Limits certain provisions in restrictive covenants and limits enforceability of restrictive covenants.

AI Summary

This bill limits the enforceability of restrictive covenants, also known as non-compete agreements, in New Jersey. The key provisions include: (1) requiring employers to disclose the terms of restrictive covenants to prospective employees, (2) limiting the duration and geographic scope of restrictive covenants, (3) prohibiting the enforcement of restrictive covenants against certain categories of employees such as low-wage workers and those terminated without misconduct, (4) requiring employers to continue paying employees during the restrictive covenant period, and (5) declaring "no-poach agreements" between employers to be void and unenforceable. The bill aims to stimulate New Jersey's economy by preserving jobs and providing opportunities for employees to establish new businesses and job opportunities within the state.

Committee Categories

Government Affairs, Labor and Employment

Sponsors (4)

Last Action

Assembly Oversight, Reform and Federal Relations Hearing (10:00:00 6/22/2023 Committee Room 14, 4th Floor, State House Annex, Trenton, NJ.) (on 06/22/2023)

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