These agreements come in many forms and many names: a business will, buy/sell, buy out agreement, or a business "prenup" all refer to the same document. It's an agreement that provides for the orderly separation of partners for a variety of different reasons. We have recently seen some very unfortunate scenarios where partners failed to memorialize their buy/sell or worse, never discussed it! Recently a good client's partner passed away. The deceased partner was a key salesman in the business. Probably the most important in the business. Our client...Read more
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