HB690: AN ACT relating to contracts.

Legislative Summary

Create a new section of KRS Chapter 336 to define "covenant not to compete" and "covered employee"; provide that an employer shall not require a covered employee to enter into a covenant not to compete; set forth civil remedy, damages that can be recovered, and limitations to bring claim; provide that the provisions must be posted by the employer; indicate that an employer shall not retaliate against an employee for bringing a civil action; establish application of provisions; amend KRS 336.990 to provide civil penalties.