A speaker explains how life events like death or marriage can trigger buyout clauses in business contracts, and why you need to tell your partners and family about them now. Weekly check-ins and clear communication prevent chaos when something happens.
If I die, there's a buyout clause or whatever. You don't want to be a part of the DNA. Trust me, I don't want to either. Single, he gets married, all these dynamics change, and I forget all the we got going on. Because, by the way, that changes a lot. If Adam gets married and I'm not aware of it or my guys are not helping me, this could be a problem. It could be a massive issue three years from now, and we're not even paying attention. But that's why you need to be on the phone once a week or once. I do mine every two weeks with my guy. But every two weeks. What are you doing, by the way? Other emails and texts in between that? Hey, man, I'm thinking about buying a company. He's like, why? You got seven on the plate right now? What are you thinking? I'm not. That's why I need your help. But messaging back and forth, it becomes very fluid. Good. Frequent interactions with all of our clients that we help do that with. There's some point where your wife or your family should know we exist, and if anything ever happens, we're just a phone call away. And we will help from everything that needs to happen after that point.
