ADMN1000 Introduction To Canadian Business

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ADMN1000 Introduction to canadian business

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Shotgun Clause Discussion: Essentially the term is used to describe a clause where one business partner can make a cash offer for the other partner’s share of the business. The person being offered the money for their share of the business is usually left with only two choices: (1) Accept the offer and take the money; or (2) match the partner’s offer and assume the partner’s share of the business. Considering above answer below questions : 1- If you were ever to join a partnership, would you want to have a shotgun clause? explain why (at least 5 points) 2-What are some of the advantages and disadvantages of a shotgun clause? (at least 5 for each) 3. What alternatives would you suggest to using a shotgun clause? (at least three alternatives)

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