The Case for Buy-Sell AgreementsBuy-Sell Agreement • April 24th, 2015
Contract Type FiledApril 24th, 2015Of all of the potential threats to the success of a family-owned business, one of the most destabilizing can come from inside the family—when an individual owner or a faction of owners attempts to sell their ownership stake to an outside party. While this is a rare occurrence, when it happens, it can bring distress to the system, such as steep financial consequences, embarrassment to the family and company, and injury to family relationships. Just knowing that it could happen is enough to unsettle a business family.