The call came on a Tuesday morning. The founder had passed away overnight. By Friday, her family and business partners were no longer speaking. Everyone had signed the buy-sell agreement years ago, confident it would handle exactly this moment. It didn’t.
What was supposed to be a straightforward ownership transition had become an expensive dispute. The buy-sell agreement existed, but it hadn’t kept pace with the business, the people, or the stakes involved.
The good news is that these types of disputes are preventable—if you know what to look for.
This article walks through how buy-sell disputes unfold and what family business directors can do before they escalate.
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