Sometimes, legal disputes - such as shareholder disputes - are an inevitable
part of doing business. Issues can arise from conflicts in personality,
disagreements between majority and minority shareholders, violations of
operating guidelines, breach of fiduciary duties or bad faith situations.
If you are involved in any business dispute - do not delay in contacting our
Houston Business Law Firm.
Backed by decades of experience, the attorneys at Hendershot, Cannon &
Hisey, P.C. can provide the aggressive protection you need when complex
legal issues arise. You can count on our Houston law firm for in-depth
analysis of your shareholder and partnership rights and all paths to resolution,
including mediation, arbitration, and the effective prosecution or defense
of your case in court.
To schedule a consultation with one of our award-winning business attorneys, call
(713) 909-7323 or complete an online form 24/7 at your convenience.
Our Business law firm has extensive experience successfully litigating
all types of complex disputes. We advise, represent and provide legal
counsel in the following areas:
In general, a
buy-sell agreement provides for the future sale of owners' interests if some specified event
happens, such as death, disability, retirement or termination. A buyout
Who can buy a shareholder's stock
Whether the company must buyout the shareholder
How to measure the value of a shareholder's interest
Payment terms for a buyout
We aggressively address common buy-sell conditions and potential areas
of conflict including:
Events that trigger a buy-sell: In some cases, business partners are in agreement that one partner should
leave the business. But in others, disputes arise over whether a partner
can be forced to buy or sell under the agreement.
Inequitable buy-sell agreements. Disputes may arise when the provisions of a buyout agreement lead to unfair
results. We also handle buyout agreements with noncompetition and nonsolicitation
Valuations of property. The valuation of business assets, including good will and Earnings Before
Interest, Taxes, Depreciation and Amortization (EBITDA), is at issue in
many buy-sell agreements. We negotiate and litigate valuation disputes,
including complex disputes.
Divorce of a Shareholder: Upon the divorce of a shareholder, it is possible for a court to award
shares of stock to the non-shareholder spouse. We can negotiate and draft
a shareholder agreement that provides terms and procedures for the divorcing
shareholder to have first right to purchase the former spouse’s
shares and remaining shareholders with options to purchase them if the
divorcing spouse doesn’t.
Shareholders have a right to a proportionate share of the profits when
the directors of the corporation distribute company profits and dividends.
Our business law firm can protect your rights in disputes over dividends,
compensation and distributions that arise in many situations, including:
Shareholder disputes regarding when and how to issue dividends and compensation
Failure to pay dividends or distributions
Disputes over compensation packages for executives
Problems that arise due to inadequate stock and dividend policies
How we help businesses avoid litigation - Shareholder and Partnership Agreements
When partnerships and shareholder rights are properly recorded, conflict
can often be contained and resolved effectively to
prevent business disruptions, lost value, and above all, litigation. At Hendershot, Cannon & Hisey,
P.C., our experienced business attorneys have been drafting
partnership and shareholder agreements for over 26 years.
We can help with shareholder and partnership agreements including:
Defining shareholder responsibilities and authority and the rights of shareholders
in making business decisions
Buyouts or transfer of ownership -
The process for the removal or replacement of company officers
Voting rules for decision-making
Methods for evaluating, preventing, and resolving disputes
Options for the removal of potentially harmful shareholders
Know where you stand in any business, partner, or shareholder dispute.
We handle cases throughout the state, so contact our legal team today
to discuss your case. Reach us at (713) 909-7323 or
send us a message online.