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You can always put Felix Dennis' "Mexican Shoot-out" clause in place. If the owners are in a deadlock, one can chose to execute the clause. When that happens, e
by tricky 17y ago
You can always put Felix Dennis' "Mexican Shoot-out" clause in place. If the owners are in a deadlock, one can chose to execute the clause. When that happens, each owner places a sealed bid to buy the entire business. Whomever has the highest offer, wins... Brutal, but fair.
- gojomo 17y agoSomething like that is another good option. I hadn't heard exactly that variant; the one I've heard the most about has one partner offer a price, the other has to either take it for their half or pay that same amount for the other half. Within the last year I read some research suggesting a further refinement that better ensures the partner who valued the business highest winds up with it... but can't find the reference right now.