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Importance of Buy-Sell Agreements

Buy-sell agreements, also known as a “business prenuptial” agreement, are often overlooked in the excitement of starting a new business and the certainty that the founders or partners will work happily together for their lifetimes. Often best friends, even family members, owners fail to consider the possibility that adversity can strike at any time. In cases where buy-sell agreements exist, they are often stored away with previous corporate or partnership minutes. They are out-of-sight, out-of-mind until calamity hits or an intractable dispute rises between partners or shareholders.

Nine Essential Contracts Every Business Needs

Legal contracts are indispensable in the modern business world that extends across state boundaries and country borders. They function as legal “stakes in the ground,” signifying to all the scope and limits of an agreement. The best contracts are indisputable and essential to the smooth functioning of commerce, giving their makers peace of mind, protecting the parties involved, and defining a resolution process.

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