Passed in May 2022, Colorado’s HB22-1317 – also known as the Restrictive Employment Agreements Act (Act) – becomes effective August 10, 2022.
The Act places further limits on the enforceability of non-compete and customer non-solicitation restrictions. Changes also include new notice requirements, expanded penalties, and restrictions about choice of law and venue. HB22-1317 will not be enforced retroactively.
Some of the Act’s key changes are listed below: