Article
When Buy-Sell Provisions Collide
A premature $50 million buyback notice and a hurried $140 million third-party sale collided in the Elie Tahari joint venture, leaving both transactions invalid under New York law's strict enforcement of buy-sell provisions. Justice Patel's decision demonstrates how even carefully negotiated exit mechanisms can fail when parties mistime their execution or deviate from contractual requirements.
Farrell Fritz
