Houston Buy and Sell Agreement Lawyer
Drafting and Negotiation of Buy/Sell Agreements in Texas
Drafting and negotiation of buy/sell agreements can be tricky in the best circumstances. If there are any complicating issues, the entire process can become a quagmire. In order to make this process as simple and worry free as possible you should work with business lawyers that have a real understanding of not only contract language but also ancillary business law and modern negotiation techniques. In this way you can be sure to not only get the best price, but to have solid legally binding contracts that are immune to court challenge after a sale.
For family owned businesses the drafting and negotiation of buy/sell agreements can be a valid part of estate planning. By clearly outlining ownership interests you will be protecting your family members as well as the business in the case of death, divorce or other life altering events. In addition, estate taxes are generally less on a business that has a buy/sell agreement - the value of the business is fixed making it possible to render exact calculations rather than being forced to accept IRS estimates. This is the best possible way to ensure that a family business continues after the death of a partner.
For all closely held businesses the drafting and negotiation of buy/sell agreements makes sense. Two people who start into business together the best of friends can face mounting disagreements until there is no way to continue in business together. With a solid buy/sell agreement in place each partner would have the opportunity of buying out the other at a fair and negotiated price. This 'insurance' against the breakdown of business relations can lead to great peace of mind. Even in the case where friendship survives the business, an early death of one partner or the other can lead to legal complications. Buy/sell agreements help defend against this.
At Snider & Byrd Law, L.L.P. we pride ourselves in never producing boilerplate agreements. We look at each case individually and with distinct concern for the parties involved. Drafting and negotiation of buy/sell agreements should be undertaken with an adequate measure of marketplace awareness in order to successfully judge the true value of the business and negotiate the price accordingly. Whether you are selling on the open market, or creating an agreement to protect the interested parties in business succession cases, working with Snider & Byrd you are sure to get an agreement that you can live with. Talk to one of our Houston Business Lawyersat 713-864-3000 (Houston) or 409-924-9595 (Beaumont) or fill out our Contact Form for more information or to schedule a consultation.
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