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Corporate & Business Matters
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Buy/Sell
Agreements
A Buy/Sell Agreement is a written contract
almost always between two people who own property
or a business together. The agreement contains
an offer by one party to buy out the other, at a
fixed price or, as an offer of fairness, at the same price. These agreements
can be a good, fair way to structure a
separation between parties who worked well
together once but who can no longer
cooperate. But they can also be manipulated,
especially when one party has many more assets
than the other.
Usually, Buy/Sell Agreements which are prepared
after the relationship has soured are a prelude
to litigation. If they are not successful, a
business brawl ensues. So, when planning your
business, you should also plan on how to
withdraw from it if things don’t go as well as
you hope.
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If you have a question, call us at 703-764-9080 to speak with
one of our attorneys.
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