The most memorable local eateries along the highways and back roads of America
Sign In | Register for Free!
Restaurants Recipes Forums EatingTours Merchandise FAQ Maps Insider

 Contract with partner

Author Message

  • Total Posts: 15
  • Joined: 11/12/2005
  • Location: SFO, CA
Contract with partner Sat, 11/12/05 9:55 PM (permalink)

My question is of a general nature. I may take up a franchise along with a partner who is going to be investing 10% only. I have not worked with any partners before, so I need some help regarding the contract. Some questions which come to mind are
1) Since I am going to be investing 90%, what should be in the contract for me to be having control in the business or rather what kind of control should I be looking for? What kind of control can my partner have?
2) In the future, if my partner wants to leave and wants to sell his 10% stake, how would we calculate how much the business is worth and how can we make it in such a way that there is no dispute? On the other side, if he wants to increase his stake, how would we go about it?
3) What other clauses should I have in the contract.


    Online Bookmarks Sharing: Share/Bookmark

    Jump to:

    Current active users

    There are 0 members and 1 guests.

    Icon Legend and Permission

    • New Messages
    • No New Messages
    • Hot Topic w/ New Messages
    • Hot Topic w/o New Messages
    • Locked w/ New Messages
    • Locked w/o New Messages
    • Read Message
    • Post New Thread
    • Reply to message
    • Post New Poll
    • Submit Vote
    • Post reward post
    • Delete my own posts
    • Delete my own threads
    • Rate post

    2000-2014 ASPPlayground.NET Forum Version 3.9
    What is Roadfood?  |   Privacy Policy  |   Contact   Copyright 2011 -