CO HB1216

Enacts Colorado's version of the "Uniform Restrictive Employment Agreement Act" to regulate restrictive employment agreements including noncompete, confidentiality, no-business, nonsolicitation, no-recruit, payment-for-competition, and training-repayment agreements

Prohibits all restrictive agreements except confidentiality and training-repayment agreements for low-wage workers earning less than Colorado's highly compensated worker threshold for overtime exemptions

Requires employers to provide prospective and current workers with at least 14 days' advance written notice of restrictive agreements and a separate Department of Labor and Employment notice, with limited exceptions

Establishes specific restrictions on enforceability including maximum duration periods (5 years for noncompete agreements protecting business sales or creation, 1 year for trade secrets or customer relationships, 6 months for no-business agreements) and requires agreements be narrowly tailored and reasonable

Creates civil violations with statutory damages up to $5,000 per worker per agreement for prohibited agreements, allows private actions with attorney fees, and shifts burden of proof to employers to demonstrate compliance