Illinois employers planning to protect confidential and proprietary trade secret information through the use of non-compete agreements or non-solicitation agreements need to be aware of amendments to the Illinois Freedom to Work Act that will take effect on January 1, 2022. These changes will institute a number of new requirements designed to restrict the use of non-compete and non-solicitation agreements.
Illinois law currently prohibits employers from requiring that workers earning less than $13 per hour sign non-compete agreements. That threshold is about to change. The law will instead prohibit the use of non-competes with workers earning less than $75,000 annually, and the minimum threshold will increase at various pre-determined dates. The minimum amount will rise to $80,00 per year on January 1, 2027, $85,000 per year on January 1, 2032, and $90,000 per year on January 1, 2037.
Continue Reading Illinois Amends Requirements for Non-Compete Agreements