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00:04
business divorces can come from a number
00:06
of situations i’m involved with one now
00:08
where the the company’s been very
00:10
successful
00:11
and so out of the five original
00:13
shareholders
00:14
they have decided to boot two of them
00:17
out
00:17
and they’re entitled to do that they
00:19
simply have to pay
00:20
fair value for the shares and so it’s
00:24
simply a dispute now over how much
00:28
we can compel them to pay our guy so
00:31
that he can go his separate way
00:33
and presumably start a competing
00:35
business
00:36
yeah i guess that’s the best way i would
00:37
describe a business divorce it’s just
00:39
for whatever reason people get together
00:41
and they’re either successful or
00:43
unsuccessful
00:44
and either way there’s frequently a
00:45
fight over who gets responsibility or
00:48
who has to take responsibility
Chicago, IL commercial litigation attorney Terrance Buehler talks about the types of issues that give rise to business divorce.