Repeals and adds to existing law to provide that covenants not to compete shall be void and unenforceable except in certain situations.

This legislation prohibits non-compete agreements between certain workers and employers. Non-compete agreements restrict workers from freely moving between employers, the impact of which suppresses wages, stifles competition, and undermines free markets. A non-compete prohibition also fosters entrepreneurship by enabling skilled workers to start their own businesses or join new ventures. Exceptions are provided for a sale or dissolution of a business, and for executive employees earning more than $250,000 per year.