Judith Cone
Judith Cone
ability agreeing agreement avoid business clearly conditions control depends early evolution hands leave ownership partner spells succession survive terms
By agreeing on the terms and conditions of ownership and succession early on in the evolution of an enterprise, co-owners can keep control in their hands should a partner leave and avoid costly and time-consuming control claims. Often, the ability of the business to survive depends on how clearly the buy-sell agreement spells out succession.