Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / california-enforceability-analysis-memo.docx
california-enforceability-analysis-memo.docx
Parties
Harkness LLP
Lumos Analytics Inc
Ridgeline Ventures Management LLC
Cheng LLP
Company Overview Lumos Analytics Inc
Equity Inc
Kraft Quill CPAs LLP
The LLC
Dates
April 8, 2024
February 14, 2024
February 28, 2024
January 1, 2024
March 7, 2024
March 12, 2024
March 19, 2024
March 25, 2024
January 1, 2020
January 1, 2022
Amounts
$68
$410
$18.4
$42.3
$42,300,000
$18,400,000
$25,800,000
$68,000,000
$410,000,000
Obligations
5 creates an affirmative obligation: an employer "shall not enter into or attempt to enforce a contract that is void" under Section 16600 or the chapter
This language is significant because it transforms the non-compete prohibition from a passive defense (the clause is void and unenforceable if challenged) into an active duty (the employer must not maintain or attempt to enforce the clause)
Section 2871 provides that no employer shall require a provision made void and unenforceable by Section 2870 as a condition of employment or continued employment
Section 2872 provides that, if an employment agreement contains a provision requiring the employee to assign or offer to assign any rights in any invention to the employer, the employer must, at the time the agreement is made, provide a written notification to the employee setting forth the provisions of Section 2870
It provides that an employer must provide notice of the immunity in any contract or agreement with an employee that governs the use of a trade secret or other confidential information
Any such provision in an employment agreement is voidable by the employee, and if such a provision is rendered void at the request of the employee, the matter shall be adjudicated in California and California law shall govern the dispute