When a person in Denver sits down and makes plans to establish their own family business, the idea that they will eventually leave the business may not cross their mind. However, succession planning can be made part of the business formation process. Having a succession plan in place from the get-go can help ensure the family business is left in the hands of the right person.
When two people in Denver partner to start a business, it is often with the anticipation that the enterprise will be lucrative for years. However, no matter how well the partners work together or how successful their business, life has a way of throwing a curve ball.
A non-compete agreement is a contract where an employee agrees that, if the employee leaves their job, they will not work in the same occupation for a different employer (usually a competitor) for a certain period of time. These agreements help employers protect their interests from competitors. However, are such agreements allowed under Colorado law?