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THIS ONE THING COULD END BUSINESS FIGHTS!
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Tired of going round in circles with your business partner? 🔄
Let's talk about a game-changer: the 'shotgun clause.' It's like having a fair and friendly way out of any standoff - ensuring everyone walks away feeling respected and valued.
In a word, the shotgun clause is an ultimatum. One party in a dispute gives the other party two options to choose from. It might sound something like this: “You can either buy my shares of the company for $50K and take 100 percent of the company, or I’m going to force you to sell your shares to me for $50K and then the company will be mine, and mine alone.
Whether it's taking full control or parting ways amicably, this strategy is about keeping your business and relationships intact.
Watch now to turn conflicts into constructive exits or stronger commitments!
This tends to favour the party with the deeper pockets - if they’re in a better position to buy out the other party’s shares, they can offer a higher amount.
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#businessgrowth #partnership #moveforward #businesspartner #businesspartnerships #partners #conflictresolution #disagreement #clauses #contracts #planningforsuccess #legaldocuments #importantinformation #startuptips #startupsuccess
Let's talk about a game-changer: the 'shotgun clause.' It's like having a fair and friendly way out of any standoff - ensuring everyone walks away feeling respected and valued.
In a word, the shotgun clause is an ultimatum. One party in a dispute gives the other party two options to choose from. It might sound something like this: “You can either buy my shares of the company for $50K and take 100 percent of the company, or I’m going to force you to sell your shares to me for $50K and then the company will be mine, and mine alone.
Whether it's taking full control or parting ways amicably, this strategy is about keeping your business and relationships intact.
Watch now to turn conflicts into constructive exits or stronger commitments!
This tends to favour the party with the deeper pockets - if they’re in a better position to buy out the other party’s shares, they can offer a higher amount.
---
#businessgrowth #partnership #moveforward #businesspartner #businesspartnerships #partners #conflictresolution #disagreement #clauses #contracts #planningforsuccess #legaldocuments #importantinformation #startuptips #startupsuccess
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