Non-Competes Are Bad For The Little Guy and Bad for the Larger Economy
Non-competes are employment contracts that prevent a departing employee (departing voluntarily or involuntarily) from working for a competitor for one year…or two years…or even three years. The agreements are not only bad for individual workers but they are bad for the economies of the states which enforce them. Even the bastion of conservative pro-business news and commentary, The Wall Street Journal, recently published an article critical of non-compete agreements.
My Take: The Virginia General Assembly should pass legislation prohibiting non-compete agreements and if they fail to do so, the courts should find them unenforceable and in violation of sound public policy.