How an Agriculture Business Hired a Lawyer to Draft a Buyout Agreement in Oklahoma

In 2022, a business in Oklahoma sought assistance with drafting a buyout agreement as part of a shareholder transaction. The client aimed to buy back a 5% shareholder for the original investment of $20,000, with plans to redistribute the shares among existing shareholders. Additionally, the selling shareholder requested a mutual non-disparagement clause and a general non-disclosure agreement to protect confidential information during the process. As a result, the client received six proposals from licensed lawyers, with flat fee bids ranging from $490 to $1,000, all submitted to meet the client's deadline of less than a week.