Generational Change Agreements
A generational change often involves a number of transactions that are carried out in succession. Unless the necessary legal documents are prepared, considerable problems may arise if one of the parties suddenly changes their mind and no longer wishes to proceed with the generational change.
We have extensive experience in drawing up the legal documents required to ensure that a generational change is implemented as planned, based on the wishes and expectations of the parties involved.
The generational change may, for example, involve the gradual transfer of interests in the company, in step with the fulfilment of various conditions. It may also involve the implementation of various structural changes to which all the parties must contribute.
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