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This video talks about the reasons to have a Partnership or Buy-Sell Agreement and what should go in it. Partnerships are not for life. There will be a time when you or your partner will leave the business. It might be horizontally (on a stretcher) or vertically (walking out the door). But, like death and taxes, you can be certain you will leave the business. You have to plan for that day long before it comes. Plus, you've got to be sure all business management issues are fully addressed in the agreement, as well. Ed Alexander is the author of "10 Common and Costly Business Killing Legal Mistakes and How to Avoid Them: A Business Law Bible." Don't risk the life of your business or waste your time, money, and energy to fix legal problems that can be easily avoided. Learn about hidden landmines and missteps in the areas of contracts, partnerships and shareholders agreements, dealing with employees, protecting your assets, franchising, growing your business and selling your business.