How a Business Hired a Lawyer to Draft a Buy Sell Agreement in Florida

In 2023, a business in Florida sought assistance in drafting a buy-sell agreement to address critical ownership transitions. The client aimed to establish clear terms that would come into effect under specific circumstances such as death, disability, retirement, divorce, or termination of employment. It was essential for the agreement to incorporate potential restrictions on ownership transfers and to consider the need for independent valuations. As a result, the client received 10 proposals from licensed attorneys, with flat fee bids ranging from $125 to $1,000, all submitted to meet the requested deadline of less than one week.