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Pharmacy Junior Partnership: A How-to Guide

Junior Partnerships take many forms, but the most general description of this transaction is an arrangement that allows ownership share and management responsibilities to shift from the seller to the buyer over a specified time period at a specified price. The guide goes in to detail on the partnership agreement, terms of a buy-sell agreement and identifies key legal, accounting and insurance issues. Additionally, this guide explores the characteristics that make a buyer or a seller a suitable candidate for junior partnership, not least of which is a buyer or a seller who is prepared to take on a business partner.

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