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While you may have the best of intentions, you need to take precautions when entering into a joint venture or partnership. Unforeseen events, such as a bankruptcy or death could lead to costly disputes. A buy-sell agreement, which allows one party to buy the membership interest of the other party, could help curtail such disputes and should be considered when forming a joint venture or partnership. Attorney Willam Ahern discusses the finer points of buy-sell agreements.
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