From: The National Law Review – At some point in a business relationship, differences of opinion are likely to arise. In businesses where there are equal owners of the company, it is important to ensure that there are carefully drafted governing documents or a standalone buy/sell agreement that detail the process for resolving a conflict or impasse. 50/50 business owners should review the company’s operating agreement, shareholders agreement, or partnership agreement to determine the process for resolving that impasse.

Click here to read Common Ways to Resolve Disputes and Deadlocks in a 50/50 Business.