How a Food & Beverage Business Hired a Lawyer to Draft an Exclusive Distribution Agreement in Colorado

In 2023, a business in Colorado sought assistance with drafting an agreement intended to establish a phantom stock plan along with a non-compete clause for three key employees. The client, the sole owner of a restaurant and a butcher shop operating under the same LLC, aimed to ensure the retention of essential management personnel in anticipation of a future buyout. This strategic move was designed to support the long-term goals of the business while facilitating a smoother transition during ownership changes. As a result, the client received nine proposals from licensed lawyers, with flat fee bids ranging from $500 to $2,500, all submitted to complete the work within the requested deadline of one week.