Buy / Sell Agreements
businesses begin when friends, family members, or professional
acquaintances decide to form a business or strategic alliance.
Unfortunately, many times all the “unwritten promises” are forgotten
and/or the parties each remember these oral agreements differently.
Implementing a Buy-Sell Agreement is not only a prudent business
decision, but will also prevent misunderstandings and unnecessary
turmoil between the owners of the business.
The lack of a written Agreement and very clear rules as to how the
Company will react to the Death, Disability, Divorce, Bankruptcy, or
Voluntary Departure of one of the owners of your Company can often lead
to internal strife or even the collapse of the Business. Over the years,
the attorneys at The Barrister Group L.C. have seen many problems
avoided by the presence of a properly drafted Buy-Sell Agreement, and
many problems directly caused by the lack of such Agreement.