Colorado Commission on Uniform State Laws. The bill enacts
the Uniform Restrictive Employment Agreement Act as drafted by the Uniform Law Commission, which regulates agreements between an employer and a worker or employee that prohibit or limit the worker or employee from working after the work relationship with the employer
ends.
The bill: •
Regulates all restrictive post-employment agreements, including noncompete agreements, confidentiality agreements, no-business agreements, nonsolicitation a g r e e m e n t s , n o - r e c r u i t a g r e e m e n t s , payment-for-competition agreements, and training reimbursements agreements;
•
Prohibits noncompete agreements and all other restrictive agreements, except confidentiality agreements and training-reimbursement agreements, for low-wage workers, defined as those making less than the state's annual mean wage;
•
Requires advance notice and other procedural requirements for an enforceable noncompete agreement or other restrictive agreement; and
•
Creates penalties and enforcement by the state as well as private rights of action.
