A new Colorado law effective August 10, 2022, voids noncompetition and customer nonsolicitation covenants with certain employees who work or live in Colorado, depending on their level of compensation. The new law potentially subjects noncompliant employers to significant penalties and voids any provision in violation of the statute.<\/p>\n
HB 22-1317<\/a>, signed into law on June 8, 2022, amends Colorado\u2019s existing noncompetition statute, C.R.S. \u00a7 8-2-113, for agreements entered into or renewed on or after August 10, 2022. The new law comes only months after Colorado enacted a\u00a0criminal statute<\/a> making violations of the state\u2019s noncompetition statute a Class 2 misdemeanor punishable by 120 days in jail, a fine up to $750 or both.<\/p>\n Read the full\u00a0Alert<\/em> on the Duane Morris LLP website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" A new Colorado law effective August 10, 2022, voids noncompetition and customer nonsolicitation covenants with certain employees who work or live in Colorado, depending on their level of compensation. The new law potentially subjects noncompliant employers to significant penalties and voids any provision in violation of the statute. HB 22-1317, signed into law on June … <\/p>\n Continue reading “Colorado Creates Income-Based Threshold for Noncompetition and Customer Nonsolicitation Covenants”<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[169,189,190,6,45,61,77],"ppma_author":[155],"class_list":["post-163","post","type-post","status-publish","format-standard","hentry","category-general","tag-bryan-shapiro","tag-colorado","tag-income-based-thresholds","tag-lawrence-h-pockers","tag-noncompetition","tag-nonsolicitation","tag-shannon-hampton-sutherland"],"authors":[{"term_id":155,"user_id":6,"is_guest":0,"slug":"duanemorris3","display_name":"Duane Morris","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/843ff6e7a8fe5fc92109b47a45f34b6cf0ea499e6e788db23456c838b0ae6747?s=96&d=blank&r=g","author_category":"1","last_name":"Sullivan","first_name":"Margaret","job_title":"","user_url":"http:\/\/www.duanemorris.com","description":"Visit the Duane Morris website.<\/a>"}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/tradesecretslaw\/wp-json\/wp\/v2\/posts\/163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/tradesecretslaw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/tradesecretslaw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/tradesecretslaw\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/tradesecretslaw\/wp-json\/wp\/v2\/comments?post=163"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/tradesecretslaw\/wp-json\/wp\/v2\/posts\/163\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/tradesecretslaw\/wp-json\/wp\/v2\/media?parent=163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/tradesecretslaw\/wp-json\/wp\/v2\/categories?post=163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/tradesecretslaw\/wp-json\/wp\/v2\/tags?post=163"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/tradesecretslaw\/wp-json\/wp\/v2\/ppma_author?post=163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}