Colorado § 25-37-111 - Termination of contract - effect on payment terms - right to terminate - termination of pharmacy contracts.
Full text of Colorado Colorado Revised Statutes § 25-37-111 — Termination of contract - effect on payment terms - right to terminate - termination of pharmacy contracts., with citation guidance and answers to common questions.
§ 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.
(2) 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.
(3) 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.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 25-37-111
What does Colorado Revised Statutes § 25-37-111 cover?
Section 25-37-111 ("Termination of contract - effect on payment terms - right to terminate - termination of pharmacy contracts.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 25-37-111?
A common citation format is "Colorado Revised Statutes § 25-37-111" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 25-37-111 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.