A Colorado Non-Compete Agreement offers an additional layer of protection concerning company secrets and other confidential information. It is important to also understand that although such protections are in place, Colorado also has protections in place for employees which ensure that their chances of seeking further employment will be fair.
Even if you use a Colorado Non-Compete Agreement Template which will contain the correct structure and have all the necessary information, if the conditions you (as an employer) include in the agreement will be considered as unreasonable in court - the court will most likely take the side of the employee. Therefore it is crucial that the formed agreement is fair and considers the interests of both parties equally with both parties having a clear understanding of the terms.
Such agreements are generally not well received in Colorado and are mostly used when selling a business or when agreeing to keep specific information secret. If you are a physician or a surgeon for example, the Non-Compete Agreement will not be considered valid.
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