This bill aims to enhance worker mobility and economic freedom by prohibiting non-compete clauses and no-poach agreements between employers and employees in New Jersey. It declares such agreements to be against public policy, void, and unenforceable, including those that were in effect prior to the bill's enactment. Employers are prohibited from entering into or enforcing any contracts that restrict an employee's ability to seek employment after leaving their job, including terms that impose financial penalties for terminating employment or require repayment of training costs. Additionally, employers must notify current and past employees about the unenforceability of any non-compete clauses or similar agreements within 30 days of the bill's effective date.

The bill also allows employees affected by these prohibited agreements to pursue civil action for damages, including punitive damages up to $5,000, and reasonable attorney fees. Furthermore, it empowers the Attorney General and the Commissioner of Labor and Workforce Development to investigate complaints and enforce the provisions of the bill. The legislation emphasizes the importance of protecting workers' rights and ensuring that the costs of training are borne by employers rather than employees, thereby fostering a more dynamic and innovative workforce.