On May 31, 2011, the Colorado Supreme Court reversed the Court of Appeals decision in the Lucht’s Concrete Pumping, Inc. v. Horner matter.
What does this mean for employers and employees?
- Going forward, employers may renegotiate the terms of an at-will employment by requesting an existing employee to sign a non-compete agreement without additional consideration.
- Meaning: No special payments, bonuses, promises, wage increases, etc., have to be given to the employee for signing the non-compete agreement.
- Remember: An at-will employee may be terminated at any time by an employer because there is no employment agreement in place: HOWEVER, it is always wise to consult your attorney before you fire an at-will employee.
Advertisement: This information is for general purposes only and is not intended to constitute any specific legal advice of any type.