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“I Want Out!”: Exit Rights in Business Agreements: Live Replay Teleseminar *
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4/23/2020
When: Thursday, April 23, 2020
Dial-in: 12:45 PM | Program: 1:00 - 2:00 PM
Where: Teleseminar: WebCredenza


Online registration is closed.
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Online registration will close the day before a program. We encourage you to pre-register if you want a link to the program materials
prior to the program.




CLE CREDITS:  1.0 

A client investment in an operating business, particularly a minority stake, is only as good as its liquidity.  If a client cannot readily sell his or her ownership stake at fair market value, it has little real value. The key to ensuring liquidity is contractually creating a private market for the ownership stake.  This market can come in the form of requiring other stakeholders, including the majority owner, to buy the minority stake at a mutually agreeable price, or creating other mechanisms for selling the stake to third parties. Without these contract rights, a stakeholder has no liquidity and is stuck. This program will provide you with a practical to planning and drafting contractual liquidity rights in closely held companies.

  • Planning and drafting liquidity rights in closely held companies
  • Counseling clients about the limitations and risks of liquidity in closely held companies
  • Framework of alternatives for determining most appropriate liquidity rights
  • “Texas standoff” or “Russian roulette” – opportunities, risks and tradeoffs
  • Drafting “tag-along” and “drag-along” rights – practical uses and drawbacks
  • How to think about valuing closely held ownership stakes 

REGISTRATION FEES
» MSBA Member: $69
» Non-Members: $99

 

Prior to the program or on the morning of the program, you will receive an email from the MSBA containing a toll-free telephone number to call into he program. You will also receive a PDF containing the materials to download to your desktop or mobile device.

HOW TO REGISTER
Members and Non-Members need to log in to see the proper registration fees.

  • Members: If you are a member of the MSBA, please sign in to receive the member rate.
  • Non-Members & Non-Attorneys: If you have attended any MSBA event in the past, you have an account with us. If you do not know your username or password, please call the MSBA. We will provide you with login credentials so you can register online.
  • If you have never attended an MSBA event: Please call the MSBA or mail or fax this registration form to register.

CANCELLATION POLICY
Full refunds will be given to those who cancel by 4:30 p.m., 5 working days prior to the program. Registrants who cancel after this deadline but prior to the program date will be charged an administrative fee of $20 per credit hour. A link to download and print the materials will be sent to those who fail to cancel in advance. QUESTIONS? CONTACT US!
1-877-622-7554.


 

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