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Illinois Amusement Operator Sues For Retirement Settlement

May 21, 2013

Betty Deiters, co-owner of Jim’s Vending Corp. in Trenton, Ill., filed a lawsuit against the company seeking a $50,000 settlement, plus costs, she claims are owed to her based on a retirement agreement with her partner James Deiters, according to the Madison-St. Clair Record. The case is currently open in the St. Clair County Circuit Court.

A spokesperson for Jim’s Vending told VendingMarketWatch he was unaware of the lawsuit and had no details to share. Full article.

Eliot Faber has struggled legally over his company’s ownership since his brother died in an accident in 2003.

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Poor Succession Plan? One Vendor Pays The Price.

July 22, 2014

A New Jersey vending operator fights an exhausting legal battle with the heir of his brother’s estate. A buy-sell agreement, funded by life insurance, might have spared him these...

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Elements of a successful business succession plan

Josh Patrick

Feb. 1, 2012

At some point you’re going to leave your business. Hopefully, when you leave it’ll be on your terms. Understanding your options well before the day you leave your business is ...