Site: nolo.com
... partner wants to leave the business, or worse, dies, goes bankrupt, or gets divorced. ... Because of this confusing terminology, we’ll use the term buyout agreement from now on. ... Without one, if one partner quits to move to another city or leaves to start another business, your partnership ... There are typically three potential buyers for a partner’s share:
the partnership itself
another ... would be unfair then to make Jackie sell her share back to Donna for $50,000—significantly less than ...