Uniform Restrictive Employment Agreement Act.

HB 973, the Uniform Restrictive Employment Agreement Act, establishes new rules for noncompete, nonsolicitation, and other restrictive employment agreements in North Carolina. It requires employers to provide workers with a written copy of any proposed agreement at least 14 days before signing, clearly state prohibited activities, and give a separate notice as defined by the Department of Labor. The bill directly affects workers and employers by making agreements unenforceable without these specific disclosures and clear terms, covering common restrictions like noncompetes but excluding patent agreements or existing ownership interests. It aims to increase transparency in employment contracts where workers face post-employment work limitations.