Colorado Clauses Relating to Venture Opportunities, competition
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FAQ
For example, a non-compete clause can prevent a consultant from bringing her current clients to a new consulting firm. Alternatively, a noncompete clause could prevent that consultant from joining a new consulting firm for a specified period of time after she stops working for her initial company.
§ 8-2-130) prohibits employers with 11 or more employees from: Stating in an advertisement or on an application for a position of employment that a person with a criminal history may not apply for the position, Inquiring into an applicant's criminal history on an initial application for a position of employment, or.
Colorado Revised Statutes Title 8. Labor and Industry § 8-2-113. Unlawful to intimidate worker--agreement not to compete. (1) It shall be unlawful to use force, threats, or other means of intimidation to prevent any person from engaging in any lawful occupation at any place he sees fit.
Summary of Colorado's Non-Compete Statute A non-compete agreement can only be enforced against a worker who earns at least $101,250 annually (or the adjusted salary threshold then in effect).
In the State of Colorado, non-compete agreements generally are not allowed, unless they fall under one of the following four exceptions: They are used to protect trade secrets. They are used to protect the purchaser in connection with the sale of a business and/or its assets.
Summary of Colorado's Non-Compete Statute A non-compete agreement can only be enforced against a worker who earns at least $101,250 annually (or the adjusted salary threshold then in effect).
Colorado non-compete agreements are used to attempt to restrict a company's employees, independent contractors, customers and vendors from engaging in competitive activities with that company.
To try to prevent such an outcome, a worker who is a party to a non-compete or non-solicitation agreement, may seek a declaratory judgment from a Colorado court of competent jurisdiction, or an arbitrator if an arbitration clause applies, to ask that it be declared that the non-compete or non-solicitation agreement is ...
Colorado law currently prohibits noncompete agreements unless the contract is for the sale of a business, for the protection of trade secrets, to recover the expense of educating an employee working for fewer than two years, or to restrict executive and management personnel. C.R.S.
Colorado Revised Statutes Title 8. Labor and Industry § 8-2-113. Unlawful to intimidate worker--agreement not to compete. (1) It shall be unlawful to use force, threats, or other means of intimidation to prevent any person from engaging in any lawful occupation at any place he sees fit.