QUESTION
Can I get a corporate settlement agreement
Asked on Apr 02nd, 2014 on Corporate Law - California
More details to this question:
My wife and I own a small corporation and we are getting divorced, I'm willing to step away from the company and accept a contract settlement agreement for X amount of money per week for X amounts of years. Is there such of a agreement to protect me from her stopping payments if she decides to dissolve or liquidate the company ect.ect.?
1 ANSWER
Make her personally guaranty the agreement. Make sure the agreement speciifcally says that it is not dependent on you performing work for the company, and is in settlement of disputed claims. Even better, make the guaranty part of the marital dissolution order, so that is court approved.
Answered on Apr 02nd, 2014 at 7:28 PM