Washington Gov. Bob Ferguson signed a bill into effect earlier this week that bans noncompete agreements across the state. The move marks a significant shift in employment law that will take effect on June 30, 2027.

The measure prohibits contracts that restrict workers from joining or starting competing businesses after leaving a job. Noncompete agreements are commonly used in industries such as technology, health care, finance and sales, but they also extend to the mortgage space, where loan officers sometimes sign noncompetes with compensation tied to them.

Under the law, noncompete agreements will be unenforceable for Washington-based workers details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com