The Art of the Buy-Sell Agreement in Joint Ventures

While you may have the best of intentions, you need to take precautions when entering into a joint venture or partnership. Unforeseen events, such as a bankruptcy or death could lead to costly disputes. A buy sell agreement, which allows one party to buy the membership interest of the other party, could help curtail such disputes and should be considered when forming a joint venture or partnership.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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