Working in the business you sold during an earn-out period
You hear about it so many times when directors and business owners sell a business but as part of their agreement they have to remain in the business for a specific length of time. Beyond Law Group explore the situations that can arise.
In these uncertain times ascertaining precise valuations can be challenging so very often we see exit transactions involving some form of deferred consideration or earn-out mechanism to ensure business performance matches sale price. Here, Piers Dryden discusses how an outgoing management team can remain involved in the business and looks at the advice of previous clients on how best to deal with it.
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