Rock Solid Buy/Sell Agreements that Protect Owners and Companies
Nashville’s trusted authority for succession planning for businesses
We work hard at our jobs now in the hopes that one day, when we’re ready to retire, we shall have the means to do so. Business owners throughout Tennessee have the same goal. This is why a buy/sell agreement, or buyout agreement, is one of the most important documents a company owner can have. In order to protect the futures of our clients and their companies, we at the Law Office of Perry A. Craft, PLLC offer assistance in the creation, negotiation and litigation of buy/sell agreements. Lead attorney and firm founder Perry Craft offers guidance to our clients through the process, and creates clear buy/sell agreements that aim to avoid disputes or arguments between owners, managers, partners, employees and Directors later.
The keys to a strong buy/sell agreement
A buy/sell agreement should provide a number of key items:
- A reason for the buy/sell agreement to be implemented, such as the death or disability of the owner
- A list of who may purchase the company (or the owner’s shares in the company) upon the owner’s leaving
- The price of the company or its shares
Because the valuation of a business or its shares may fluctuate over time, it is imperative that the buy/sell agreement is both clear in its meaning and thorough in how the company or its shares are valued. This allows the owner and any parties interested in buying or selling to avoid disputes later.
Attorney Craft has more than 36 years of experience helping individuals and businesses move forward. His preparedness and attention to detail ensure that our clients’ buy/sell agreements completely outline the reasons, the appropriate purchasers and the prices of the company or its shares. He has considerable skills negotiating between owners and outside parties in the creation of the document, and can anticipate potential problems before they arise. He also works on behalf of his clients when purchasers are unable to buy back the leaving owner’s shares, to ensure a smooth and successful resolution. In circumstances where an agreement cannot be reached, he puts his extensive litigation experience to work for our clients in the courtroom.
Strong buyout agreements that protect our clients’ interests
The Law Office of Perry A. Craft, PLLC handles all aspects of buyout agreements, including reviewing existing documents and drafting new ones. To schedule an appointment with Nashville’s trusted business law attorney, please call 615-953-3808 or fill out our contact form.