You’d have to be living under a rock not to have heard the news last month about the passing of Aretha Franklin, the legendary “Queen of Soul.” Soon after the news emerged, however, another report surfaced that Franklin had not left a will or trust. Her “intellectual property” attorney told the press that he had been “after her for a number of years to do a trust," but that she had never gotten...
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Buy/Sell Agreements
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...
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