Colorado Code § 44-20-136

Reimbursement for right of first refusal
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A manufacturer or distributor
shall pay reasonable attorney fees, not to exceed the usual and customary fees charged for the
transfer of a franchise, and reasonable expenses that are incurred by the proposed owner or
transferee before the manufacturer or distributor exercised its right of first refusal in negotiating
and implementing the contract for the proposed change of ownership or the transfer of assets.
Payment of attorney fees and expenses is not required if the claimant has failed to submit an
accounting of attorney fees and expenses within twenty days after the receipt of the
manufacturer's or dealer's written request for an accounting. An expense accounting may be
requested by the manufacturer or distributor before exercising its right of first refusal.

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