Maryland Clauses Relating to Venture Opportunities, competition

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US-P0610-3AM
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This form contains sample contract clauses related to Venture Opportunities, Competition. Adapt to fit your circumstances. Available in Word format.
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  • Preview Clauses Relating to Venture Opportunities, competition
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FAQ

Section 3-717 - Facial recognition service (a) (1) In this section the following words have the meanings indicated. (2) "Facial recognition service" means technology that analyzes facial features and is used for recognition or persistent tracking of individuals in still or video images.

Section 3-505 - Payment on termination of employment; accrued leave (a) Except as provided in subsection (b) of this section, each employer shall pay an employee or the authorized representative of an employee all wages due for work that the employee performed before the termination of employment, on or before the day ...

Enforceability. Covenants not to compete are disfavored in Maryland and are strictly construed against the employer. For a non-compete agreement to be enforceable, it must be necessary to protect the employer's legitimate business interests and cannot impose undue hardship on the employee.

Maryland Code, Labor & Employment, §3-716 states that all non-compete clauses are invalid for workers earning less than $15 an hour or $31,200 per year.

Effective October 1, 2023, Maryland has raised the salary threshold on its non-compete ban to 150% of the state's minimum wage, meaning $19.88 or less per hour (the current minimum wage of $13.25 * 150%), or $41,350 annually.

Salary Threshold Increase for Non-Competes Beginning October 1, 2023, at the current minimum wage rate, the threshold for large employers (15 or more employees) will be $19.88 per hour or approximately $41,350 annually. Under this Bill, the threshold is more than 150% of the State minimum wage rate.

Section 3-427 - Action against employer by or for employee (a) If an employer pays an employee less than the wage required under this subtitle, the employee may bring an action against the employer to recover: (1) the difference between the wage paid to the employee and the wage required under this subtitle; (2) an ...

To amend the Fair Labor Standards Act of 1938 to prevent employers from using non-compete agreements in employment contracts for certain non-exempt employees.

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Maryland Clauses Relating to Venture Opportunities, competition