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Buyout (buy-sell) agreements<br />
� Issues<br />
� What triggers?<br />
� Death, or voluntary opt out?<br />
� Who is obliged to buyout the opting out partner,<br />
and what happens if the relevant individuals<br />
refuse?<br />
� How do we determine the price?<br />
� Will payment be in cash, or over time?<br />
� Will the opting out partner be responsible for<br />
partnership debts?<br />
(c) 2004 246
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