Ask DrewDevil your legal questions

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I'm starting a company and want to have a temporary partner. Because of licensing issues it's necessary that he own at least 20% of the stock.

I want to have an agreement between us for me to have the option, before some distant date, to buy his shares of the company at a set price.

A 2p2 young brilliant poker dude attorney already said this was kosher in principle, but a second opinion would be ok.

But, what I'm really asking here is...Would it be appropriate to do this in the shareholder's agreement or is there some better way? Is there any specific language that I should include in the agreement?

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You should obv. talk to a lawyer, but isn't this a terrible idea practically? A partner who has no stake in the company's long-term value is more like an employee.

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It's a contracting company and in practice he'll be more like a partner for specific projects. He also has a company and I may participate in his projects but those deals would be worked out on a case by case basis. When the time comes for me to buy him out, we may discuss a permanent partnership or possibly him being an employee.