Buy-Sell Agreements: Valuation Handbook for Attorneys, (Paperback)

<p><i>Buy-Sell Agreements: Valuation Handbook for Attorneys</i> is a one-of-a-kind resource for attorneys representing business owners.</p><p>Well-prepared buy-sell agreements establish a valuation process to set the price at which a transaction will occur when trigger events happen. Many, if not most, buy-sell agreements in existence today have dated language pertaining to the description of their appraisal processes and the definitions of the price to be set by these processes.</p><p>The book, penned by an experienced business appraiser and veteran of many buy-sell agreement disputes, scrutinizes common issues in current agreements and suggests improvements.</p><p>The book also provides seven elements that should be clearly defined in every agreement, including: </p><p></p><ul><li>Standard of value (like fair market value)</li><li>Level of value (like financial control)</li><li>Going concern requirement</li><li>"As-of" date</li><li>Qualifications of appraisers</li><li>Appraisal standards to be followed</li><li>Consideration of life insurance proceeds</li></ul><p></p><p>The importance of this last element has been heightened by the U.S. Supreme Court decision in Connelly, which affects buy-sell agreements involving life insurance, as discussed in the book's appendix.</p><p>Importantly, the book provides example language for consideration by attorneys when drafting buy-sell agreements that contains language important to the valuation process.</p><p>Attorneys will find that <i>Buy-Sell Agreements: Valuation Handbook for Attorneys</i> will be an invaluable resource for reviewing existing agreements or drafting new ones.</p>

• Buy-Sell Agreements: Valuation Handbook for Attorneys, (Paperback)
• Author: American Bar Association
• ISBN: 9781639055142
• Format: Paperback
• Publication Date: 2025-04-22
• Page Count: 270