Reply To: Existing owner has one year contract, but wants to do it their way…


stacy hall

I am not surprised this type of situation occurs even when it is a friendly acquisition. I would imagine it being hard to ‘let go’ of the control to some degree. I would encourage, before contract is negotiating, this be part of the due diligence process where by you lay out all the factors and/or conditions of the role post-merger when you keep prior owner(s) in a binding, year-long contract. I do agree with the post above, pay the contract out and let them go if feasible.

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