Minnesota Lawyer and Finance & Commerce – Partner Content Author: Cody Nickel On July 1, 2023, Minnesota became the fourth state to ban non-compete agreements. This past session, in S.F. 3852, the legislature sought to close a loophole it had identified in the 2023 ban: non-solicitation provisions between service providers and their customers, referred to by some as “shadow” non-compete agreements. Effective July 1, 2024, this legislation banned the inclusion of restrictive employment covenants in contracts between service providers and their customers. Minn Stat. § 181.9881, Subd. 1, 2(a). The provision is retroactive. Any existing provision in violation of this statute is void and unenforceable. Minn. Stat. § 181.9881, Subd. 2(b). Furthermore, service providers with any such existing provisions have an affirmative obligation to inform their...
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January 31, 2019 Minnesota Lawyer and Finance & Commerce - Partner Content Author: Arthur G. Boylan We live in an era of indisputable change for lawyers and the legal profession. It seems new practice areas or specialties bearing the latest alphabet soup pop up each year. Likewise, if you look no further than the most recent lawyer magazine or bar journal, you can easily find pronouncements on latest alternative fee arrangement,...
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