When longtime business partners in private companies go through a business divorce, emotions often run high. One or both of the partners may be seeking a “revenge premium” in the business divorce process based on their perceived mistreatment by the other partner during their time together. While the urge to extract a pound of flesh
— From Alice’s conversation with Cheshire Cat from Lewis Carroll’s Alice in Wonderland“If you don’t know where you’re going, any road will take you there.”
For business owners intently focused on growing their private companies, it may seem like a waste of time for them to answer how they define success. They may even view
Most private businesses have bylaws, company agreements or partnership agreements that govern their operations, but these agreements are often silent, or not well thought out, regarding issues that may become critically important to business partners. Specifically, most company governance documents do not include buy-sell provisions, and as a result, there are no terms in place