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2005 SESSION
SB 1172 Employer and employee; covenants restricting competition.
Introduced by: Kenneth W. Stolle | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Covenants not to compete. Establishes that a covenant between an employer and employee that restricts the employee's ability to compete with his employer following the termination of employment is enforceable if the restrictions are reasonable in duration, geographic area, and scope, the agreement is signed by the individual, the covenant is justified by the former employer's legitimate business interest, and the individual's agreement to the covenant is supported by consideration. The measure does not apply in actions to enforce a covenant entered into prior to July 1, 2005.
FULL TEXT
HISTORY
- 01/12/05 Senate: Prefiled & ordered printed; offered 01/12/05 053811820
- 01/12/05 Senate: Referred to Committee on Commerce and Labor
- 01/31/05 Senate: Reported from Commerce and Labor (13-Y 2-N)
- 02/02/05 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/02/05 Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
- 02/03/05 Senate: Read second time and engrossed
- 02/04/05 Senate: Passed by for the day
- 02/07/05 Senate: Motion to recommit to committee agreed to
- 02/07/05 Senate: Recommitted to Commerce and Labor
- 02/07/05 Senate: Left in Commerce and Labor