Colorado legislators are moving forward with a bill to rein in noncompete agreements — not to ban the common legal document like Washington, D.C., recently did but to better protect the mobility of low-income workers, create more rights for employees around signing the agreements and give the state more teeth in prosecuting misuse of the documents.
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Colorado Chamber of Commerce President/CEO Loren Furman warned of several concerns in the proposal. The compensation bar to allow noncompete agreements is “very high” and could exclude some key executives, the trade secrets exception should be strengthened to match federal case law and terminology in the bill leaves it harder to enforce agreements on independent consultants, she said.
Read the complete article by Ed Sealover in the Denver Business Journal.