Founder Fends Off Parol Evidence Challenge to Oral Put

Kanno v. Marwit Capital Partners II, L.P., No G052348 (D4d3 Dec. 22, 2017) 

Founder was selling his company to Buyers, a private equity outfit. He wanted to just cash out and be done. But Buyers—as private equity guys often do—wanted Founder to stick around and keep some skin in the game. So they offered part of the consideration in equity. Founder grudgingly accepted.