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D54A8957AD7BC1A48725873C0058E645 Hearing Summary




PUBLIC
BILL SUMMARY For UNIFORM RESTRICTIVE EMPLOYMENT AGREEMENT ACT

JOINT COMMITTEE COMMITTEE ON COLORADO COMMISSION ON UNIFORM STATE LAWS
Date Aug 25, 2021      
Location HCR 0112



Uniform Restrictive Employment Agreement Act - Commission Discussion Only


10:11:03 AM  

Uniform Restrictive Employment Agreement Act. There was no public testimony on this agenda item. Commissioners acknowledged that it seems to be a divisive issue and that it would be worthwhile to hear what Colorado stakeholders think about the act and to gain a better understanding of the reasons for the divide. The act raises important national employment issues regarding the requiring of restrictive employment agreements and having a uniform approach to this issue would be beneficial. In addition, restrictive agreements can preclude small businesses from obtaining needed talent. The act does provide protections that do extend to small businesses and could help level the playing field. On the other hand, smaller firms are worried about losing talent to the large businesses.

      Commission consensus was that the act is multi-dimensional with important issues and that the uniform act may be able to act as a starting place for Colorado legislation in this area and that it should remain on the agenda for now.  






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