The One Clause That Stops Strangers From Buying Into Your Business
Imagine this: your business partner wants out. They find an outside buyer willing to pay top dollar for their share.
And suddenly… you’re in business with a total stranger.
Unless you have prepared for this, that’s exactly what can happen.
I’ve worked with founders blindsided by new “partners” they never expected or agreed to because their operating or partnership agreement didn’t include one key clause:
Right of First Refusal.
This clause gives you the chance to buy your partner out first, at the same price they were offered by someone else. If you pass, they’re free to sell. If you act, you maintain control.
In this LinkedIn post, I explain how Right of First Refusal clauses protect both sides:
You get first dibs on buying your partner’s share
They still have the freedom to exit if you pass
Your business avoids being handed off to a stranger without warning
👇 View the full breakdown here:
Pro tip: This should be in every partnership agreement. It doesn’t just protect ownership, it preserves trust and continuity.
📞 Let’s make sure your agreement gives you a say in who gets a seat at the table: www.lawpla.com
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