Clawback provisions are rules in executive pay contracts that let companies take back bonuses, stock options, or other extra pay if certain things happen. These rules help protect the company and its investors, but they also bring legal challenges that businesses need...
Month: February 2025
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What happens to non-compete agreements after a business sale?
When a business sells, existing contracts, including non-compete agreements, may change. Buyers and sellers should understand how these agreements apply and whether they remain valid after a sale. Colorado law specifically governs the enforceability of non-compete...
Which is better: Fixed-term or open-ended employment contracts?
Employers use different types of contracts to define job terms and expectations. Two common types are fixed-term and open-ended contracts. Each serves a different purpose and affects job security, benefits, and termination policies. Definition and purpose A fixed-term...