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Reminder: Minnesota Non-Compete Ban Takes Effect on Saturday, July 1
As we previously reported, Minnesota will soon become only the fourth state (along with California, Oklahoma and North Dakota) to ban non-competitors.
The state’s new law renders void and unenforceable all covenants not to compete entered by employees or independent contractors on or after July 1, 2023. The only exceptions are noncompetitive agreements relating to the sale or dissolution of a business.
A “covenant not to compete” is defined in the statute to exclude non-disclosure and non-solicitation provisions, and the law states that no other provisions in an agreement containing a non-compete shall be affected. The law also prohibits employers…