The Importance of Buy-Sell Agreements: Two Cases Spell Out What Can Go Wrong

Business Valuation UpdateVol. 13 No. 2
Legal and Court Case Update
February 2007

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5531 Auto and Home Supply Stores
441320 Tire Dealers
buy/sell agreement
Fausak’s Tire Center, Inc. v. Blanchard
2006 Ala. Civ. App. LEXIS 719
December 8, 2006
US
State Court
Alabama
Court of Appeals
none
Crawley

Summary

Buy-sell agreement unenforceable unless written, and stock purchase agreement does not suffice.

See Also

Fausak’s Tire Center, Inc. v. Blanchard

Full Text of Court Cases
December 8, 2006

Buy-sell agreement unenforceable unless written, and stock purchase agreement does not suffice.