
Family Business Agreement
Over time, families and their businesses usually become more complex when Next generation members join the family business. The expectations of the family members will diverge due to the introduction of new ideas and opinions, and related conflicts may arise.
Therefore, the family could initially start developing its governance structures through the development of different agreements covering the three Systems involved in the Family Business, that is Family, Ownership and Business. Below are the various possible agreements that could be required:
Family | Ownership | Business |
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