A Neil Hartzell, Attorney

A Hartzell Lawyer

A Neil Hartzell update listing

Lawsuit & Dispute, International, Business, General Practice


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MA State Lawyer Additional Information: Malpractice Insurance: Yes

Service Type: Private

Update Date: 2019-07-26

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Change Date Change Field Previous Content
2019-08-07Phone617-502-8209
2019-08-07Firm NameLeclair Ryan, P.C.
2019-08-07AddressOne International Place 11th Floor Boston MA 02110 US
A Neil Hartzell
60 State Street
6th Floor
Boston, MA 02109
42.3589481,-71.0563699

MAIN LOCATION

60 State Street
6th Floor
Boston, MA 02109


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SAMPLE LEGAL CASES

CLAWBACKS: CREATING A FAIR POST-SALE DEAL FOR FORMER OWNERS
Clawbacks are provisions that assure a former equity owner receives fair, full consideration when it sells its equity. Such provisions enable the former owner to participate in the consideration received in a subsequent sale of the business by the remaining owner or owners. Whether a buy-sell agreement was previously in place among equity owners or not, a departing business partner wants to be assured that at the time of sale it receives full value for its interest. In many cases, there is concern that shortly after the sale of its interest, the remaining owners will sell their interest for a significantly higher price. Although federal and state securities laws may protect a departing owner from the remaining owners not disclosing an imminent sale, or that a higher offer has been made for the business, it is prudent for counsel for the departing owner to consider inclusion of a clawback provision in the sale agreement.
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