How Do you Handle a Dispute ???? with Your Business Partner?
Sometimes, You Need?a Shotgun ????
No, I’m Not Advocating Violence…
A shotgun is a type of agreement ?? between partners whereby a deadlock ?? is broken
If a business ?? has an even number of owners (often 2 or 4), then it’s?possible that a critical vote ?? could end in a tie, causing business deadlock
How do you fix ???? this?
By an agreement ?? called a Shotgun Buy/Sell Agreement
How does it work?
Owner A gives notice to sell its interest, or to buy Owner B’s interest, at:
? A set price ??
? Within a certain time ??
? On the terms set forth in the Shotgun Agreement ??
Owner B then has the option to buy Owner A’s interest at that price, or to have Owner A buy them out
A closing ?? occurs and in the end, either Owner A or Owner B is the sole owner - and the deadlock is broken
There are too many issues to get into in this post, however, when there is business deadlock, sometimes it’s a good time to get out the shotgun
How do you resolve disputes in your business?
Please comment below ??
I'd love to hear ??
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