Several weeks back this blog discussed a proposal being advanced by some Massachusetts venture capitalists to abolish noncompetition agreements in Massachusetts. (See Proposal to Eradicate Noncompetes in Massachusetts Creates Stir). We noted that a Boston Globe article was reporting that supporters of this proposal had written to Governor Patrick urging legislative action to make noncompetes invalid in Massachusetts. The letter to Governor Patrick, as well as the Governor’s somewhat perfunctory response, can be found here, at the website for an organization calling itself “Alliance for Open Competition,” which describes itself as comprised of “entrepreneurs, venture capitalists and business leaders for innovation.” The site contains an interesting ongoing discussion about whether noncompetes are good or bad for business in Massachusetts.
Stay tuned for further developments on this topic.