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Q: Texas Shootout ( No Answer,   1 Comment )
Question  
Subject: Texas Shootout
Category: Relationships and Society > Law
Asked by: gatesman-ga
List Price: $20.00
Posted: 27 Aug 2003 19:26 PDT
Expires: 26 Sep 2003 19:26 PDT
Question ID: 249468
I am searching for origins of the term "Texas Shootouts" as used in
buy-sell agreements.  A Texas Shootout is a type of buy-sell agreement
that partners, for instance, use to exit a partnership.  Shootouts
work in roughly the following way: in a two-person 50-50 partnership,
the first partner names a price for half of the partnership and the
second partner decides whether to pay that price to the first partner
(i.e., buy out the first partner) or be paid that price by the first
partner (i.e., be bought out by the first partner).
Answer  
There is no answer at this time.

Comments  
Subject: Re: Texas Shootout
From: richard-ga on 28 Aug 2003 04:57 PDT
 
The same arrangement is also called "Russian Roulette."

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