What is a “business divorce”? It’s when partners need to separate, and, just as it is with marital divorces, it is almost never simple, and can be very costly both personally and in terms of time and money. So, when you wish to separate from a business partner or investor (or a business partner or investor is separating from you), you will want experienced legal counsel by your side.
Weinberg Gonser believes that business divorces require the ongoing focus of an experienced and creative team of corporate lawyers and litigators. Our lawyers are steeped in the laws that govern closely-held businesses, and know what actions you can take to give yourself an advantage in negotiations and, if necessary, during the course of any litigation.
We represent majority and minority stockholders, LLC members and partners with respect to:
- Advance Planning for a Separation
- Actions to Take Before Negotiations
- Non-competition Agreements
- Restructurings and Buy-outs
- Sunset Provisions and Earn-outs
- Employment Agreements
- Indemnification Agreements
- Confidentiality Agreements
- Intellectual Property Issues
- Litigation and Arbitration
Even if you have the essence of a separation or settlement agreed, there are a lot of details and issues to cover before there can be any real agreement, including timing, valuations, indemnification, taxation, non-competition agreements, close-out terms, and more. Let us guide you through your process (or help you avoid one).
For more on Business Divorces, see:
Bloomberg Law, Insight: Business Divorces—Preparing for the Worst