Up a Creek without a Buy/Sell Agreement

By Nina Kaufman, Esq.

When business is going well, it’s easy to overlook the flaws and peccadilloes. Partly because we want to ride the prosperity wave.

But when the wave crashes, and you’re dumped onto the beach with the seaweed, the broken shells, and the flannisters (you know, those plastic yokes that hold six-packs together), are you really shoulder-to-shoulder with a business partner you respect?

And what are your options if you don’t have a buy/sell agreement?

Read on for this week’s Cautionary Tale.