2020 Colorado Revised Statutes
Title 25 - Public Health And Environment
Article 37. Contracts With Health Care Providers
Section 25-37-111. Termination of contract - effect on payment terms - right to terminate termination of pharmacy contracts.
(1) A term for compensation or payment shall not survive the termination of a contract, except for a continuation of coverage required by law or with the agreement of the health care provider.
In addition to the right to terminate a contract in accordance with section 25-37-104 (2) based on a material change to the contract, a contract with a duration of less than two years shall provide to each party a right to terminate the contract without cause, which termination shall occur with at least ninety days' written notice. For contracts with a duration of two or more years, termination without cause may be as specified in the contract.
A contract between a pharmacist or a pharmacy and a pharmacy benefit manager,such as a pharmacy benefit management firm as defined in section 10-16-102, C.R.S., shall be terminated if the federal drug enforcement agency or other federal law enforcement agency ceases the operations of the pharmacist or pharmacy due to alleged or actual criminal activity.
Source: L. 2010: Entire article amended with relocations, (HB 10-1332), ch. 300, p. 1424, § 1, effective May 26.
Editor's note: This section is similar to former § 25-37-101 (13), (15), and (17) as they existed prior to 2010.
