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Derek Allen Colvin

Derek Allen Colvin

Business, Franchise & Litigation Attorney
  • Business Law, Arbitration & Mediation, Employment Law ...
  • Virginia
Review This Lawyer
Lawyer Rating and Reviews
Legal Knowledge
Legal Analysis
Communication Skills
Ethics and Professionalism
John "Jack" Randall September 28, 2022
Rating: 10 Lawyer Rating - 10 out of 10
I would recommend him highly. He is always prepared and on point with his legal analysis.
Claimed Lawyer ProfileOffers Video ConferencingQ&ASocial Media

Derek is a business minded attorney laser-focused on results. He possess the knowledge and experience to serve all your business legal needs. His primary practice is in the areas of business, franchising, and litigation.

Practice Areas
    Business Law
    Business Contracts, Business Dissolution, Business Finance, Business Formation, Business Litigation, Franchising, Mergers & Acquisitions, Partnership & Shareholder Disputes
    Arbitration & Mediation
    Business Arbitration, Consumer Arbitration, Family Arbitration
    Employment Law
    Employee Benefits, Employment Contracts
    Trademark Litigation, Trademark Registration
    Intellectual Property
    International Law
    Imports & Exports
Video Conferencing
  • FaceTime
  • Zoom
  • Microsoft Teams
  • WhatsApp
  • Free Consultation
  • Credit Cards Accepted
Jurisdictions Admitted to Practice
Virginia State Bar
ID Number: 78383
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  • English
Professional Experience
Waldrop & Colvin
- Current
Assistant General Counsel
Loyalty Brands
Deputy Commonwealth's Attorney
Commonwealth's Attorney's Office, City of Suffolk
Commonwealth's Attorney's Office, City of Portsmouth
Pennsylvania State University
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Old Dominion University
Old Dominion University Logo
Five Years of Service
City of Suffolk
Five Years of Service
City of Portsmouth
Service to Law Enforcement
City of Portsmouth Police Department
Recognized by the Police Department for the City of Portsmouth, Virginia for Service to Law Enforcement in connection with the successful prosecution of multiple defendants arising from the attempted capital murder of a law enforcement officer.
Professional Associations
Virginia State Bar  # 78383
- Current
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Articles & Publications
Franchising in Virginia
Speaking Engagements
Civil Asset Forfeiture in Virginia, Citizens Academy, Suffolk, Virginia
Virginia State Bar
Websites & Blogs
Waldrop & Colvin, the law department for your business
Legal Answers
1 Questions Answered
Q. I own a small business that I’d like to sell. I’m considering owner financing. Can an agreement include repossession?
A: There is always some level of risk involved in every business transaction. Providing owner financing and the nature of the franchise relationship will need to be taken into account. You can't eliminate risk, but you can manage risk by contemplating these issues in an asset purchase agreement, along with a promissory note and security agreement. Repossession of the franchise business itself may not be an available remedy, as your franchise agreement is likely to be terminated as part of the transaction through a transfer to the Buyer. You may need to speak to an attorney with speciality in M&A and franchise law.
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Contact & Map
Waldrop & Colvin
780 Lynnhaven Pkwy
Suite 400
Virginia Beach, VA 23452
Telephone: (757) 651-3490
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