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A11308 Summary:

BILL NOA11308
 
SAME ASNo Same As
 
SPONSORSimotas
 
COSPNSRPellegrino, Ortiz, Dinowitz, Epstein, Stirpe, Mosley, Gottfried, Abinanti, D'Urso, Wallace, DenDekker, Errigo, Quart
 
MLTSPNSR
 
Amd 5-701, Gen Ob L
 
Relates to the provision of a waiver before the execution of a confidentiality agreement and requires the waiver to be signed and attached to the confidentiality agreement.
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A11308 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          11308
 
                   IN ASSEMBLY
 
                                     August 15, 2018
                                       ___________
 
        Introduced  by  COMMITTEE  ON  RULES -- (at request of M. of A. Simotas,
          Pellegrino,  Ortiz,  Dinowitz,  Epstein,  Stirpe,  Mosley,  Gottfried,
          Abinanti,  D'Urso,  Wallace,  DenDekker,  Errigo)  --  read  once  and
          referred to the Committee on Judiciary
 
        AN ACT to amend the general obligations law, in  relation  to  requiring
          the  provisions  of a waiver before the execution of a confidentiality
          agreement
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Subdivision a of section 5-701 of the general obligations
     2  law is amended by adding a new paragraph 4 to read as follows:
     3    4. Is a confidentiality agreement which has been signed by a party  to
     4  the  contract  without  he  or  she  first  being provided with a waiver
     5  explaining the rights he or she would  be  giving  up  by  signing  such
     6  agreement.  For  such  waiver  to  be  binding,  it  shall be signed and
     7  attached as an addendum to the confidentiality agreement.
     8    § 2. This act shall take effect immediately.
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13992-02-8
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