Minnesota: Non-Compete Agreements Require Additional Consideration Other than Continued Employment
APPLIES TO All Employers of MN Employees |
EFFECTIVE October 6, 2017 |
QUESTIONS? Contact HR On-Call |
On October 6, 2017, a Minnesota federal district court emphasized the importance of appropriately presenting restrictive covenants. Minnesota employers who require employees to sign restrictive covenants, such as a non-compete agreement, have certain obligations to the timing and type of consideration that must be offered with the restrictive covenant. Specifically, new applicants must be provided the non-compete agreement before accepting the offer of employment, and currently-employed individuals must be provided something of value beyond continued employment as consideration.