In the Absence of a Buy/Sell Clause, Everyone gets Caught in the Crossfire

In the Absence of a Buy/Sell Clause, Everyone gets Caught in the CrossFire

In my previous post, I talked about what is arguably the most important, but often most overlooked, component of a shareholder agreement – the buy/sell clause. This mechanism establishes the ground rules for the orderly transfer of an ownership interest. I’ve seen a lot of unfortunate situations in my work—shareholders who pass away, become ill, succumb to substance abuse, endure personal crises that derail their business focus, or simply fail to fulfill their obligations to their …

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