The Art of the Buy-Sell Agreement in Joint Ventures - William Ahern
While you may have the best of intentions, you need to take precautions when entering into a joint venture or partnership. Unforeseen events, such as a bankruptcy or death could lead to costly disputes. A buy-sell agreement, which allows one party to buy the membership interest of the other party, could help curtail such disputes and should be considered when forming a joint venture or partnership.