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Negotiating Employment And Consulting Agreements

In: Business Exit Strategies Family-Owned and Other Business

Author

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  • Frederick D Lipman

Abstract

The buyer may wish to retain services of key family members or key employees of the business after the sale and want them to execute an employment or consulting agreement. Likewise, the owners may wish an employment or consulting agreement for either of the following reasons:A significant part of the consideration for the business is being paid to them pursuant to an employment or consulting agreement.The owners have an earnout and need assurance that they will be in control of day to day operations after the closing.…

Suggested Citation

  • Frederick D Lipman, 2018. "Negotiating Employment And Consulting Agreements," World Scientific Book Chapters, in: Business Exit Strategies Family-Owned and Other Business, chapter 6, pages 53-56, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813233225_0006
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    More about this item

    Keywords

    Exit Strategies; Family Business; ESOP; Going Public; Leveraged Recapitalization;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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