Articles, statutes, and cases dealing with business valuation use a variety of terms for value including "fair market value", "intrinsic value", "fair value", "investment value", and "cash value".
"Fair Market Value" is the term which is most often used by business appraisers and tax statutes says California Business Attorney Steven C. Peck.
In the buy-sell agreement context, "value" is ordinarily equivalent to "price", although the two words are not necesarily synonymous.
Contact Steven Peck's Premier Legal toll free to talk to an experienced California Business Lawyer and visit us on-line at www.premierlgal.org.
