How a Computer Games Business Hired a Lawyer to Draft a Buyout Agreement in California

In 2022, a business operating in California sought assistance with drafting a buyout agreement. The client, who operates a California LLC in the computer games industry, was facing significant internal conflicts with two partners that hindered the progress of their VR game, which was available for sale. With one partner willing to be bought out, the client required a comprehensive agreement to secure ownership of the intellectual property, establish non-compete and non-disclosure clauses, and release claims against the partners. As a result, the client received five proposals from licensed lawyers, with flat fee bids ranging from $350 to $2,999, all submitted to complete the work within the requested deadline of less than a week.