One thing you can do is put in right of first refusal so the existing partners can buy the share instead of the bad person.
Joe Coquina C&C 35 MK I From: CnC-List [mailto:cnc-list-boun...@cnc-list.com] On Behalf Of Andrew Means via CnC-List Sent: Thursday, April 05, 2018 2:56 PM To: cnc-list@cnc-list.com Cc: Andrew Means Subject: [EXTERNAL] Re: Stus-List Partnership buyout - without an agreement Thanks so much for all this feedback! Neil, I'll be getting in touch offline. If/when we find a new member we will definitely be doing a new agreement - does anyone have suggestions for boilerplate partnership agreements (or want to share their agreement text)? I think buyout is probably the area where the most contention could arise (say, expectations for speed of buyout, selling to somebody the partners don't like, etc.). What language do your folks' contracts have to protect the participants in those situations?
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