State Flag of New York

Quick Hits

  • The governor vetoed the noncompete ban bill, calling for modifications that would prohibit employers from imposing noncompete agreements on middle class and low-wage workers.
  • Given New York’s “highly competitive economic climate,” she noted, “the Legislation’s one-size-fits-all approach” could not meet companies’ legitimate interests.
  • The governor reiterated her commitment to “banning non-compete agreements for anyone making below the median wage in New York.”

New York lawmakers had passed a noncompete ban in June 2023 and delivered it to the governor on December 12, 2023. In vetoing the bill, Governor Hochul noted that she has “long supported limits on non-compete agreements for middle-class and low-wage workers, protecting them from unfair practices that would limit their ability to earn a living.”

She further emphasized that, in connection with the bill, her “top priority was to protect middle-class and low-wage earners, while allowing New York’s businesses to retain highly compensated talent. New York has a highly competitive economic climate and is home to many different industries.”

Next Steps

Ogletree Deakins will continue to monitor developments and will provide updates on the New York and Unfair Competition and Trade Secret blogs.

Follow and Subscribe

LinkedIn | Instagram | Webinars | Podcasts

Author


Browse More Insights

Silhouette shadows of business people talking in office
Practice Group

Unfair Competition and Trade Secrets

We know your business. We know what makes it valuable. We make it our business to protect your assets and goodwill. Every day, our Unfair Competition and Trade Secrets Practice Group—comprised of more than 100 lawyers—leverages our deep bench, experience, and efficiency-built technology and litigation support to partner with companies of all sizes, from small businesses to Fortune 100 companies.

Learn more

Sign up to receive emails about new developments and upcoming programs.

Sign Up Now