Thorough partnership agreements also describe when partners can buy out another and how to determine the buyout price. If a partnership agreement exists, the partners must adhere to the ...

Structuring a buyout of a partner in a general partnership is much easier if you prepare for the possibility of an ownership change at the start of your business endeavor. Reaching an agreement ...

The wait and see has components of both types of agreements but doesn't require a decision until death occurs. The cross-purchase agreement is an agreement made directly between the partners of a ...

The cross-purchase agreement is an agreement made directly between the partners of a business or practice. Each partner is the owner, beneficiary and premium payor of the other partner's life ...