How a Construction Business Hired a Lawyer to Draft a Licensing Agreement in Colorado

In 2024, a business in Colorado sought assistance with drafting a licensing agreement to secure the rights to a company name and logo that had a service history of 50 years but was currently insolvent. The client, an independent subcontractor, aimed to continue using the name on contractor lists without being liable for any existing company debts. This involved exploring the feasibility of assuming administration while mitigating financial obligations to the former entity. As a result, the client received seven proposals from licensed lawyers, with flat fee bids ranging from $500 to $1,395, all submitted to meet the client's requested deadline of over a week.