H973

North Carolina H973 establishes rules for restrictive employment agreements, making certain types unenforceable and outlining notice requirements.

North Carolina H973, the Uniform Restrictive Employment Agreement Act, sets forth regulations for restrictive employment agreements between employers and workers. The bill prohibits and renders unenforceable certain types of agreements unless specific conditions are met. For instance, training-repayment agreements are only valid if they require repayment of special training costs, last no longer than two years post-training, and prorate repayment based on work done. Noncompete agreements are unenforceable unless they protect specific legitimate business interests and are narrowly tailored.