Colorado Covenant Not to Sue

State:
Multi-State
Control #:
US-01709-AZ
Format:
Word; 
Rich Text
Instant download

Description

This form is a simple model for a convenant not to sue. Party A agrees not to sue Party B for any occurance related to a past event, in return for compensation. Usually used in the context of a settlement agreement. Adapt to fit your circumstances.
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FAQ

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 ...

Enforcement and Penalties Employers who attempt to enter into, present, or enforce an invalid non-compete agreement under these new Colorado laws will be liable for actual damages and a $5,000 penalty per employee harmed.

Section 13-50.5-105 - Release or covenant not to sue (1) When a release or a covenant not to sue or not to enforce judgment is given in good faith to one of two or more persons liable in tort for the same injury or the same wrongful death: (a) It does not discharge any of the other tortfeasors from liability for their ...

On August 10, 2022, Colorado House Bill 22-1317 became law. Following the national trend of limiting employer use of non-compete and non-solicit covenants, Colorado now prohibits the use of non-competes and non-solicits except in the sale of business context and with ?highly compensated? workers.

Unlawful to intimidate worker--agreement not to compete. Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code.

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.

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Colorado Covenant Not to Sue