Malaysia's Industrialization from 1950

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Buyout Agreement Between Partners

A good lawyer helps both partners meet legal requirements, structure the agreement advantageously for both parties, and avoid litigation. Joint agreements include a financing agreement, a non-competition clause and a partnership sharing agreement. To protect the remaining counterparty, the repurchase agreement should impose restrictions on the outgoing counterparty. Many takeover agreements have prohibitions on competition. This discourages the outgoing partner from establishing relationships with previous customers or opening a similar business in a specific geographic area or schedule. Buyback agreements can also limit a situation in which a partner only goes for financial benefit. .

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