An act relating to agreements not to compete

Where it is in the process

Plain-English Summary

This bill would make most noncompete agreements illegal for both franchisees and employees in Vermont. It would prohibit agreements that stop franchisees from operating their businesses after leaving a franchisor, and employees from working for competitors after leaving a job. There are some exceptions, such as for trade secrets, certain severance agreements, and for employees earning over $100,000 annually.

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