Partnership agreements routinely restrict the assignment of ownership interests unless the remaining partners consent to the transfer. Many of those Partnership transfer clauses allow for transfer without consent if the assignment is to a family member or acquisition is through the right of inheritance.
A conservatorship estate owned Blackacre and personal property situated thereon. Appellant submitted an offer to purchase the real estate for $15,000.00 over the listed price with a $5,000.00 escalator and with contingencies. Maximum of $75,000.00 over the listing price. Ultimately, buyer offered $40,000.00 over listing price plus.
Kemp Klein Attorneys Joseph P. Buttiglieri and Robert S. Zawideh successfully represented the the plaintiffs in a case in which they were disinherited. After hotly contested litigation, all the parties agreed to a 60/40 split of the estate, with the 40% group (who weren’t in the final will).
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