On June 20, Texas Governor Greg Abbott signed Senate Bill 1318 (Amendment) into law, amending Texas Business & Commerce Code Section 15.50(b), which is commonly thought of as the “Texas physician non-compete buyout statute.” Specifically, the statute previously required that any non-compete restricting a physician’s right to practice medicine must include a buyout right, permitting the physician to pay a certain buyout amount to avoid the non-compete restriction. The statute has been a source of confusion for physician employers for years, specifically regarding how to calculate the buyout amount and whether the buyout requirement applies to transaction- or ownership-related non-competes (as opposed to only employment-related non-competes).
Read the full article: Texas Caps Physician Non-Compete Buyouts and Adds New Limits Under SB 1318 //
Source: https://www.bassberryhrlawtalk.com/texas-physician-non-compete-law-sb1318/