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Getting into Start-up Relationships Which You Might Have to Get Out Of …
We have recently been party to some more conversations where business founders want to part.
The inevitable seems likely, the parties cannot agree how to divide the business – and its a ‘Mexican Stand Off’. Who knows what will happen next, and we make no public predicitions here.
In the meantime, to avoid this very situation here’s the bold Mexican Shoot-out clause posted back in May: http://sapien-innovations.co.uk/?p=417
Incidentally there are variants of these and they are well outlined by Manie Spoelstra: http://www.mediate.com/articles/spoelstra6.cfm
Yes they are bold, BUT with hindsight appropriate. Get in touch if you been through the process of using the clause too.