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NEUFELD LEGAL P.C. - Legal Counsel for Golf Courses

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Golf Lawyer - Partial Interest Sale

Selling a partial interest in a golf club needs to be correctly undertaken and reviewed, such that the integrity and efficiency of the golf course are best served. This means only divesting those elements that are necessary to satisfy the prospective purchaser in completing the sales transaction, but otherwise eliminating or otherwise restricting the transference of all other rights or interests in the golf course.

As legal structuring is imperative, given the implications associated with unknowingly conferring to much, in the way of rights and/or benefits through the partial sale of an interest in the golf course. For the stark reality is that most individuals seeking to acquire a partial interest in a golf course will be satisfied with the form of sale and not seek to haggle for those minor rights when undertaking their buy-in. However, if they are conferred by ownership, it will be next to impossible for majority ownership to get those rights and benefits back from the minority owner without providing something in exchange, if that even proves possible. As such, it is essential that you full understand what is being conferred in a partial interest sale, especially when it is not necessarily evident from the wording.

To learn how Neufeld Legal P.C. can provide experienced legal advice to your particular commercial engagement with a golf course and the various commercial matters associated with its operation and/or management, contact us at Chris@NeufeldLegal.com or by telephone with respect to legal transactions in the United States of America at 646-681-4491 or in Canada at 416-887-9702 (for Ontario, Canada) and 403-400-4092 (for Alberta, Canada).

 

This website of itself is only an informational entry point, wherein specific legal advice should always be solicited to deal with the particulars of your specific commercial situation, whether it pertains to the operation / management of a golf course or otherwise. Neufeld Legal P.C. accepts no responsibility for loss which may arise from accessing or reliance on information contained in this website, given the generality of said information and the specificity associated every particular legal matter. Furthermore, this website does represent attorney advertising, such that you should be aware that prior results do not guarantee a future or similar outcome. Please review our disclaimer, cookie usage and privacy policy, taking note that we do utilize limited cookies for purposes of non-specific Google Analytics. For more visit www.ShareholdersLawyer.com. Copyright 2015.