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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). |
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There is no answer at this time. |
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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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