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Model Family Covenant – Part 2 of 2

Suggested format of a family covenant with different clauses, as may be relevant, part 2 of 2, clasues 8-16. (Cont., see part 1 for sections 1-8 of the Model Covenant)   9. Ownership and transfer of Company shares [Review (and amend if necessary) ownership...

Model Family Covenant – part 1 of 2

Suggested format of a family covenant with different clauses, as may be relevant, part 1 of 2,clasues 1-8.   1. Introduction [Explanation about the family structure, the relevant assets, the nature of the family business and the manner in which the structure is...

Practical advice for the family-run enterprise

1. Introduction In Switzerland, as in many other countries, successful businesses are frequently managed and owned by families: a company once founded by an entrepreneurial grandfather decades ago is then build on by the next generation and the following generations...