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Agreements are essentials, but by themselves they cannot always prevent fights. The written agreement must be the final product of a trust building process, in which the family clarifies its values, heritage and vision for the future. Preparing the agreement may be a unique opportunity to discuss sensitive issues and air old grievances in a context of a shared mission. When this is accomplished, signing the agreement becomes a vow of loyalty to the family, its values and its vision. Agreements that are established through such a process may serve as the family anchor even in stormy times....

FBCGI (www.efamilybusiness.com) is the world’s leading affiliation of firms specializing in family business consulting. This affiliation includes global leading firms in the field from the USA, Italy, Spain, Argentina, Brazil and the Netherlands. US partner FBCG is the owner of a publishing company that publishes textbooks, guidebooks and newsletters on the subject of family businesses. AMI has been affiliated with FBCGI since 1999.