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It is said that business partnerships are like marriage: easy to get into, messy to get out of. Typically, entrepreneurs require something only a partner can bring to the table, such as money, contacts or a skill set. Sometimes an entrepreneur needs the confidence that can only be provided by working with someone else. Often entrepreneurs spend more time interviewing and assessing the fit of an employee than a prospective partner and end up regretting getting into business with their partner.
Jeff Dennis, serial entrepreneur, lawyer, author and Entrepreneur-in-Residence at Fasken Martineau DuMoulin, and Tracy Hooey, a partner at Fasken Martineau DuMoulin, will address the issues that you should consider before jumping into bed with a partner.
A lawyer and a serial entrepreneur, Jeff Dennis recently joined Fasken Martineau DuMoulin as their Entrepreneur- in-Residence. Jeff has spent the past eight years as a trusted advisor to CEOs of high-growth companies. Jeff has been involved with the startup as well as the acquisitions and financing for a wide variety of ventures.
Jeff earned his undergraduate degree in economics at Brown University and his law degree at the University of Western Ontario. He is a graduate of the “Birthing of Giants” executive education program at the Massachusetts Institute of Technology, the Directors’ Education Program of the Institute of Corporate Directors, and the Rotman School of Business.
Tracy Hooey is a partner in the Securities and Mergers & Acquisitions practice group and Life Sciences industry group at Fasken Martineau DuMoulin LLP, a leading international law firm. Her practice focuses on mergers and acquisitions and capital-raising activities in both the public and private markets, and on matters concerning corporate governance and securities law compliance. Tracy regularly advises clients on the structuring and negotiation of long-term business relationships, including partnership agreements and shareholder arrangements. As a result, she is experienced with the identification and resolution of related issues and understands the sensitive nature of negotiations at the early stages of a new relationship.