Value of Written Agreements

Sale of Business Assets

There are still many small businesses that operate on a shared profits basis without having specific partnership agreements and/or buy sell agreements and such documentation is vital when there are disagreements between the parties which could result in expensive  court action  resulting in the loss of business. Having an Agreement that records all party’s ideas of nature of the business and the procedure to be adopted should there be subsequent division of partnership or company assets is absolutely essential when trying to resolve these matters which can involve substantial funds and real estate.