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How a Buy/Sell Agreement Can Protect Your Business from a Disgruntled

Most people have heard of premarital agreements (also known as prenuptial agreements), but you may not have heard of Buy/Sell agreements.

If you are a part owner of a multi-owner business (or are married to one), you will want to acquaint yourself with Buy/Sell agreements because they are a bit like the business equivalent of a premarital agreement: they spell out what happens to the married partner’s ownership interest in the event of a divorce. Like a premarital agreement, it is typically signed long before divorce is being considered.

A Buy/Sell agreement is a contract, signed by all the owners of a multi-owner business, intended to prevent a former spouse — whether by death or divorce, or current spouse of a business owner who becomes disabled — from participating in the operations and/or ownership of the business. Usually the Buy/Sell agreement includes a right of first refusal for the business to buy the owner’s ownership interest in the business and a formula for calculation of the value of that ownership interest or a method of calculating the ownership interest.

Read my latest post to learn about how this contract can protect your business.

Find out more.
Carol Wilson
Carol Wilson provides expertise, focus and compassion in times of family turmoil, having skillfully litigated and tried complex divorce, property division, and child custody cases for more than 30 years.

She has been Board Certified in Family Law by the Texas Board of Legal Specialization since 1992. Subscribe to the firm's newsletter here.

Carol Wilson Celebrates a Dozen Years of Super Lawyers Recognitions

For the 12th year, Texas Super Lawyers has named Carol A. Wilson to its annual list in recognition of her work in family law. Additionally, the publication has named her one of its Top 50: 2021 Women Texas Super Lawyers. This is her fifth year of recognition from Super Lawyers as one of the top female practitioners in the state.

To select attorneys deserving of recognition, Super Lawyers uses a patented multiphase selection process combining peer nominations and evaluations with independent research. No more than 5% of the attorneys in every state are named to the list.

Learn more about the recognition.

A Client's Perspective

"Carol was a seasoned professional in every interaction with her. She very skillfully and successfully takes on the larger and big reputation family law firms."
- A former client
The highest compliment I receive is your referrals. If you know someone in need of assistance in a family law matter, please don't hesitate to share my contact information: and 214-303-0142. Thank you!

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