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

In 2023, a business in Florida sought assistance with drafting a buy-sell agreement to address changes in partnership dynamics. The client, having started with four partners, felt the need for this legal documentation as some partners had become less involved over time. This agreement was essential not only for winding down current ownership stakes but also as a precursor to establishing a new operating agreement. As a result, the client received 12 proposals from licensed lawyers, with flat fee bids ranging from $450 to $3,000. All proposals were submitted to meet the client's requested deadline of over a week, demonstrating a strong interest in the project from the legal community.