When acquiring a business in Colorado, the buyer can potentially inherit the seller’s outstanding debts and obligations. Some situations allow businesses to transfer assets without automatically saddling the new owner with all prior liabilities. However, exceptions exist where successor liability may apply. Whether you are the seller or buyer of a business with legal disputes […]
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Colorado has legislation known as the Uniform Trade Secrets Act (the “UTSA”) which provides a legal framework for companies to seek redress if their confidential information ends up in the hands of competitors. The UTSA outlines various types of data that could potentially qualify as trade secrets, such as designs, formulas, and customer lists. If […]
Nearly one in five U.S. workers have some sort of noncompete clause in connection with their work. When a worker seeks to move on to a different opportunity, the enforceability of such noncompete clauses is an important issue for both the worker and the employer. However, the enforceability of noncompete clauses is very much in […]
Disputes among a company’s shareholders will inevitably require a close review of the company’s governance documents. The shareholder’s agreement in a corporation plays a central role in most ownership disputes. This agreement may be known as an operating agreement if you have a limited liability company or “LLC.” In this article, our Colorado business litigation […]
Trade secrets are valuable pieces of confidential information that give a business a competitive advantage in the marketplace. These secrets can encompass a wide range of proprietary information, such as manufacturing processes, customer lists, marketing strategies, formulas, or technical know-how. Essentially, a trade secret is any information that is not generally known to the public, […]
A breach of contract case occurs when one party involved in a legally binding agreement fails to fulfill their obligations as outlined in the contract. Contracts serve as vital instruments for ensuring the smooth functioning of business transactions, as they establish the terms and conditions that each party must adhere to. When a breach occurs, […]
When a trustee mismanages a trust and jeopardizes its assets through imprudent or even fraudulent investments, it is a matter of utmost concern that demands careful consideration and decisive action. A trust, established to safeguard assets for the benefit of beneficiaries, relies on the fiduciary duty of the trustee to act in their best interests. […]
Nearly one in five U.S. workers have some sort of noncompete clause in connection with their work. When a worker seeks to move on to a different opportunity, the enforceability of such noncompete clauses is an important issue for both the worker and the employer. In early January of 2023, the Federal Trade Commission announced […]
As experienced business attorneys, we have often spoken with clients whose businesses were put at risk by litigation. One common question that clients ask is, “When will this be over?” The truth is that there’s no one answer for how long most business lawsuits take to resolve. While judges in Colorado state courts try to […]
Colorado businesses often rely on contracts. A contract is a mutual agreement between two or more parties, supported by “consideration” (a promise or something of value), which are often—but not always—signed and in writing. If a party to a contract believes the agreement has not been honored, they may file a lawsuit against the other […]
When businesses and individuals face substantial liability, they sometimes go to great lengths to avoid paying. Even if a claim has not been reduced to a judgment, acts to avoid collection can violate the laws of fraudulent transfer. When this happens and you are owed money, you need an attorney to help find concealed assets […]
Contracts form the core of most business relationships in Colorado. Whether the contract covers goods, services, rent, employment or virtually any other facet of business, the parties to the agreement are expected to hold up their end of the bargain. When a party fails to perform their contractual obligations, a breach of contract lawsuit may […]
