Deconstructing & Negotiating Buy-Sell Agreements
When buy-sell agreements are necessary and key points to address
- Product Number: 2240012P01
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CLE Credits, earn up to:
3 substantive credits, 0 ethics credits CLE Credit Note - Print Brochure
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Product Description
Product Description
Buy-sell agreements are key foundational documents in any business venture. Whether the entity is a limited liability company, partnership, or corporation, a well drafted buy-sell agreement can fill in the statutory gaps and provide a roadmap for unforeseen events.
A properly drafted buy-sell agreement lets the business owners know, in advance, what will happen if one of them dies, becomes disabled, divorces, files for bankruptcy, or has their employment terminated. Specific instructions are provided on how to value the company in such an event in order to minimize disputes over the buyout terms. These agreements are also invaluable in connection with a sale of a company, where tag-along and drag-along provisions can make sure the majority can complete a transaction and the minority are well protected.
This program gives those new to the practice and those seeking a refresher an understanding of the key issues involved in drafting a buy-sell Agreement.
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