Exit Clauses in Business Partnership Agreements - Part II скачать в хорошем качестве

Exit Clauses in Business Partnership Agreements - Part II

Building exit clauses into your founder/partnership agreement is essential to painless and cost-efficient closures of business. But, many business owners neglect this fundamental aspect either out of naivety, fear of conflict or because they simply don't have a partnership agreement. It's a topic you cannot afford to overlook. We'll cover 4 main issues to take into consideration when discussing exit clauses with your business partner. 1. Vesting of equity 2. Restrictions on transferring equity 3. Non-competes 4. Who owns the assets (usually intellectual property) You may not know how your business will end, but you can control how you and your partner decide to part ways when the time comes and what will happen to the business as a result. This video will give you a better idea of how to prepare yourself for a clean exit if/when the time comes. So, take a look and let us know what you think! This is the seventh video in Brett's Business Partnership Mastery Series, where he dives into both the philosophy and legal nuts and bolts of mastering business partnerships. If you are a current or future business owner, you will definitely want to stay tuned for videos in this upcoming series, so make sure to subscribe! Inspired by the content in his book, Partner-Proofing Your Partnership, Brett will touch and expand on the primary concepts he fleshed out in that short read which you can find here: https://www.businessattorneyinaustin.... _____________________________________________ Have questions? Book a call, and talk to Brett today: https://rebrand.ly/clarity-brettcenkus _______________________________________________ You can reach Brett through: https://rebrand.ly/clarity-brettcenkus   / brettcenkus     / bcenkus   https://www.cenkuslaw.com https://braatenwoods.com https://merger-resources.com _______________________________________________ Brett A. Cenkus has 20+ years of experience in business law, finance, and entrepreneurship. Through Cenkus Law, PC, he provides advice and services for mergers & acquisitions (M&A), securities offerings, founders’ agreements, and other general business law issues. Through Braaten Woods, LLC, Brett helps business owners in the lower middle market ($2MM - $25MM) position themselves for sale, find buyers, negotiate, and close M&A deals. Brett also maintains merger-resources.com, a site packed with free articles, videos, checklists, deal diagrams, template contracts, and other tools to help pass M&A knowledge to others. Brett regularly consults with entrepreneurs and invests his own capital as an angel investor. From 2010-2013, Brett served as Chief Legal Counsel of a publicly-traded international oilfield services company. From 2001 to 2006, he and a partner founded and built Paragon Residential Mortgage. Bridge Investments acquired Paragon in 2006. Brett holds a Juris Doctorate from Harvard Law School and a Bachelor of Arts degree in Economics from Messiah College in Grantham, Pennsylvania. Brett lives in Austin with his wife, Cathryn, and two children. He enjoys reading, squash, classic movies, great food and wine, and the New England Patriots. #corporatelaw #mergersandaquisitions #businesslaw #corporatelawyer