Under LOI Partner getting divorce

by a searcher from University of San Francisco - School of Management

3 months ago

My partner and I are under LOI on a great business but recently filed for divorce. He is willing to sign the PG but we see the wife using the transaction as leverage.

Is there any way around this?

1 like
206 views
9 comments

searcher from College of Charleston

Fwiw, I leveraged ChatGPT to draft my LOI for a sub $50K deal, and then had a professional review.

3 months ago | like reply | 1 like

professional from University of Notre Dame

I would pursue the transaction solo and then grant your "partner" equity options pursuant to an employment agreement post-closing (and give him a nice title). Happy to chat about structuring options here. Feel free to DM me or shoot me an email --@----.com

3 months ago | like reply | 0 likes

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