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Glossary of terms used on this site

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Term Definition
Legal Liaison

(BSR Analysis element) the work carried out by the consultant when required to brief solicitors, some family members and some current advisors to ensure the instructions are accurate and detailed enough to carry out the full intent of all parties. To source and collect any material needed by the solicitor and to meet and brief family members if required. Legal instructions are embedded into a Business Succession Report and are developed as part of the succession planning process.


Generally occurs when the creditors of the company pass a vote to have the company liquidated. It applies only to companies.

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Andrew said

Jim pro­vided very sound and practical advice on what to do if one of the busi­ness partners wanted to leave. His Suc­ces­sion Agree­­ment elim­ina­ted any questions as to what would hap­pen and how it would hap­pen. Thanks Jim.