Buy-Sell Agreements: Are they worth the paper they are written on when going through a divorce involving a professional practice?
Many times attorneys will assert that the Buy-Sell Agreement signed by all the partners or owners of a professional practice, whether they are attorneys, physicians, or real estate brokers, must be taken into account when conducting a business valuation. While they are certainly a starting point for negotiation, it is difficult to bind a spouse when they were not involved in the original contract.
