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Best Practices for Drafting Buy-Sell Agreements Among Shareholders or Members


Learn about the complexities of preparing and drafting successful buy-sell agreements and how to avoid common mistakes.

Every closely held entity (corporate, LLC, or partnership) that has more than one owner should have a buy-sell agreement. This document establishes the ground rules for determining when a shareholder or member can sell their shares, when they must sell their shares, and when they can require another shareholder or member to sell their shares. Valuation issues, successorship issues, governance issues, funding issues, change-in-control issues, even confidentiality and noncompete issues can all be addressed in a single document. Learn about the opportunities and perils inherent in a document that is too often treated as a fill-in-the-blanks form, if it is considered at all, from a member of the ABA Section of Business Law's committee drafting a model shareholder agreement.



Mark R. High

Mark R. High

Dickinson Wright PLLC

  • Member with Dickinson Wright PLLC in Detroit, Michigan
  • Concentrates in the areas of business law, corporate finance, corporate governance, and international transactions
  • President of the Canada-U.S. Business Association in SE Michigan/SW Ontario; former chair of Michigan Business Law Section
  • Conducts seminars on and writes articles dealing with buy-sell agreements for the ABA, State Bar of Michigan, trade associations, and commercial services
  • J.D. degree, Duke University; B.A. degree, The College of Wooster
  • Can be contacted at 313-223-3650 or [email protected]

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