Thinking about buying or selling a business? Colorado is full of entrepreneurs and startup companies feeding their ideas and powering the local economy. Many of these companies are up for sale along with established companies with track records of success. To successfully buy or sell a business takes a combination of intelligence, skill and on occasion, a good dose of luck.
If in business long enough just about all companies are faced with a customer or vendor who does not fulfill his end of the contract. When that occurs, it is important to understand the mitigation of damages rule.
When it comes to horses and owner liability, two recent Colorado court cases underscore just how limited the exemption from civil liability is and the importance of liability waivers for anybody who owns a horse. A well-written liability waiver is a must for anybody who qualifies as an equine professional. And, surprise, you may be just that – an equine professional.
Most people who ride or own horses are aware of the Colorado law limiting civil liability for injuries caused by participating in equine activities. That statute is 13-21-119, C.R.S. In a very broad summary, those that ride horses assume the risk of injury and cannot recover from others when injured.