These types of agreements provide for the orderly transfer of, and fair compensation for, interests in a company. In many circumstances, owners will agree upon the terms of a fellow owner’s exit; however, if they cannot agree, the Shareholders’ Agreement will control. When owners embark on a business venture, they may do so with the goals of making the business profitable and then ultimately selling it to a third party. However, other events could preempt these goals, and a company should have a built-in process for dealing with the unexpected.
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