How a Financial Services Business Hired a Lawyer to Review a Buy Sell Agreement in New Jersey

In 2022, a business in New Jersey posted a project seeking assistance with a buy-sell agreement as they prepared to sell a portion of their ownership to a partner. The terms and valuation had already been discussed and included in the document, along with an appendix detailing client accounts and estimated revenue. The client’s primary concern was the binding effect language and whether it sufficiently addressed the potential scenario of one partner predeceasing the five-year buyout period. As a result, the client received four proposals from licensed lawyers, with flat fee bids ranging from $395 to $2,499. All proposals were submitted in order to meet the client's deadline of one week for the project completion.