Parsons Behle & Latimer workshops to help your company get ready for the new non-compete law. In the 2016 Utah Legislative Session, the Legislature passed the "Post Employment Restrictions Act" restricting non-compete agreements. Governor Herbert signed the law in March 2016 and it applies to any non-compete agreements entered into starting May 10, 2016. After this date, non-compete agreements cannot exceed one year after the last day of employment. If an agreement is over the one-year limitation, the agreement is "void" suggesting that a court cannot fix the agreement by limiting it to one year.
The workshops addressed:
- Whether you need to change existing non-compete agreements
- How to change non-compete agreements entered into on or after May 10, 2016
- How to ensure your non-competes are reasonable in other ways such as the geographic scope
- How to address non-compete restrictions in severance agreements or in the sale of a business
- How to tailor your nonsolicitation, nondisclosure, and confidentiality agreements to ensure they are enforceable
- How to avoid paying for your employees costs and attorneys’ fees in a lawsuit over non-compete agreements
