This is a difficult question to answer without a detailed consultation. Typically, you negotiate a favorable severance package through leverage. You gain leverage by a myriad of methods, the threat of litigation is just one. Many industries are concerned about their reputation in the recruitment of key employee, and will often provide a favorable package to insure that you not become disgruntled and damage their ability to hire other employee. In sum, their is no one size fits all...
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An attorney was once asked if you should represent yourself in Court and the attorney said: "you would not perform your own surgery would you?" With 11 interested people you may be able to pool resources. If money is an issue, I would recommend you contact Georgia Legal Services; they often provide free representation to folks that can't afford and attorney. http://www.glsp.org/.
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I agree with Glenn. However, I would add that if you are concerned about the guarantee, i.e., you believe you are going to default on the guaranty, I recommend you seek the advice of an asset protection attorney. Depending on your situation you may be able to protect some of you assets through an Estate Plan, gifts or other conveyances. All of the terms you are identifying are subject to negotiation. Any business owner should have a relationship with a business attorney. The business...
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