Bal Pp Lagreement

Post on 26-May-2015

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transcript

Our tale today, begins with the story of an agreement between two people, a young man and woman.

Ohhh, I love tales with stories in them. Tell us how this one goes…

This young man was the owner of a hair salon and wanted to take on a partner.

Someone with whom he could share his company with.

The young man had family and friends with whom he could make a contract with, but he could not see himself legally bound to them in a business sense or contractually. So he spoke with his father to get some advice.

He approached his friend and made the following offer: 25% portion of his company. Since a hair salon was a lot of work, but had a few perks, his asking price was $10k and a 35% ownership of the dog toy company she owned…

While checking her inventory of dog toys, she thought about his offer.

She decided that while the finance was cheap, she did not want to give away such a big part of her own company. She would not accept his offer. She did not like the offer, and was not interested in making a counter offer.

Shocked at her response, he went in search of another offer he could make. One she would actually agree and accept.

Greetings miss. I am representing te young man, and anoter offer for you has come up. Wat about $10k, but only 15% part of your company?

Thinking of all the new toys she could merge with hair products, and all the new people she would meet, she accepted the offer that was made to her.

This concludes our story in which a young man made an offer to a young woman and she agreed to it. The beginning of the first step towards a contract was

underway...