Many thanks to Brad MacDougall of Associated Industries of Massachusetts (AIM) for sending along the text of the revised noncompete bill, which was filed last week. The new bill is here. As David Frank of Mass. Lawyers Weekly mentioned in his recent blog post and Lawyers Weekly reported last October, AIM had exerted pressure to block passage of the bill in 2010.
Stay tuned for information about when the bill will be considered in committee.… More
As confirmed here, a bill to reform the law of noncompetition agreements in Massachusetts, which died in the 2010 legislative session, was re-filed on January 19, 2011. Rep. Will Brownsberger, one of the sponsors of the compromise legislation in 2010, stated on his website prior to the re-filing that it would "look like the last generation of the bill that came out of committee with a few additional changes that reflect input we have been getting." … More
One of my partners, Jeff Quillen, recently brought to my attention an interesting discussion about non-competes that took place last month at a meeting of the 12×12 group. As explained here, 12×12 was formed earlier this year in an effort to drive the company formation process in Massachusetts. It consists of “12 world-class CEO’s and 12 senior partners from some of the most active VC firms in town to launch 12 new companies in the next 12 months – and in so doing,… More