Many MSPs have a key employee, i.e. lead technology engineer, that is willing to work for the owner but is not so willing to work for the owner's spouse. A one-sided buy - sell agreement allows for the owner to give the key employee rights to purchase the business should the owner pass away, become disabled or other triggering events. The agreement can be structured so as to allow the owner to freely sell to others and have the agreement only effective when a triggering event occurs. What a great gift the owner has provided to his surviving family members - predictability in the sale of the MSP, to the employee and to the business.
Limitation of Liability - the original LOL but nothing to laugh about
Master Service Agreement pt 2
Master Service Agreements pt 1
Managed Service Providers or MSPs need to build to work on their defense
Right of First Offer or Right of First Refusal
Is there an Opportunity for Managed Service Provides or MSPs with the SECURE Act
Should Managed Service Providers or MSPs register their processes for federal copyright protection?
Managed Service Providers or MSPs need to comply with Gramm Leach Bliley Act
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