New Illinois Law for Restrictive Covenants: What Do Employers Need to Know?

New Illinois law places severe restrictions on the use of restrictive covenants. What do employers need to do now to protect against unfair competition and loss of trade secrets?
 
The Illinois General Assembly passed a major bill in May that significantly alters how and when employers can use restrictive covenants with Illinois employees. Governor JB Pritzker signed the bill into law on August 13, 2021 and it will go into effect January 1, 2022. Illinois employers are encouraged to review their current restrictive covenant agreements and bring them into compliance before the January 1, 2022 effective date of the amendments. 

Join Jackson Lewis P.C. attorneys as we discuss the impact of this far-reaching new law and take you through a decision tree to protect against unfair competition and loss of trade secrets.

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