How a Food & Beverage Business Hired a Lawyer to Draft a Buyout Agreement in Oklahoma

In 2023, a business operating in the food and beverage industry in Oklahoma sought assistance with drafting a buyout agreement due to a complex partnership situation. The client was in a 50/50 partnership with another individual, who found a new partner while being unwilling to pay the client their rightful equity stake. The situation was further complicated by the other partner's position that the business should not be valued, leading to a proposal to only settle based on the client's debts. As a result, the client received nine proposals from licensed attorneys, with flat fee bids ranging from $599 to $1,395, all submitted to meet the client's requested deadline of over a week.