Two brothers who jointly developed a patented component of landscaping equipment had a falling out after they obtained a lucrative exclusive distributorship contract. One of the brothers threw the other up against a wall and fired him, telling him he wouldn’t “see a dime” from the business unless he sold out to him cheap. Then, he wrote a $375,000 check to himself. The other brother became our client and we were able to stop the $375,000 check, and ultimately buy the business at a good price. This shareholder dispute might have been prevented if a good shareholder’s agreement had been signed before the dispute arose.
To learn about similar services we offer visit our practice areas page. Patterson Law Firm takes a variety of cases. If you have a case similar to the one above or in one of our other practice areas, contact us at (312) 223-1699 or click here.