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NY S04641
Bill
Status
6/9/2025
Primary Sponsor
Sean Ryan
Click for details
AI Summary
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Prohibits employers from seeking, requiring, demanding, or accepting non-compete agreements from covered individuals and health-related professionals, making any such agreements null, void, and unenforceable
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Exempts "highly compensated individuals" earning $500,000 or more annually (adjusted for inflation starting in 2027) from the ban on non-compete agreements
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Allows covered individuals to bring civil lawsuits within two years of signing, discovering, termination, or enforcement of a prohibited non-compete, with remedies including up to $10,000 in liquidated damages, lost compensation, and attorneys' fees
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Permits non-compete agreements in business sales where the seller owns at least 15% of a partnership, LLC, or business ownership interest
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Requires any enforceable non-compete agreement to be reasonable in time (maximum one year), geography, and scope, and must include salary payment during the enforcement period
Legislative Description
Prohibits non-compete agreements and certain restrictive covenants; authorizes covered individuals to bring a civil action in a court of competent jurisdiction against any employer or persons alleged to have violated such prohibition.
Last Action
referred to labor
6/9/2025