This bill establishes new regulations regarding non-compete agreements for employees and partners in the State of Kansas. It stipulates that such agreements will only be lawful and enforceable if the restrictions are deemed reasonably necessary for the protection of the employer, principal, or partnership. Additionally, the bill specifies that any non-compete agreement will be rendered null and void upon the sale of the business entity or partnership, or if there is a change in majority ownership or control.

The legislation aims to provide clearer guidelines on the enforceability of non-compete clauses, ensuring that they are not overly restrictive and that they protect the interests of employers without unduly limiting the future employment opportunities of employees or partners. The bill will take effect following its publication in the statute book.