But lawmakers added in a conflicts of interest clause that has bankers worried.

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Because the credentials and connections of the arbitrator are key, ask your employer to include a clause requiring disclosure of any interest or relationship he or she has with the employer.

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Options such as a buyout or sale of the partner's interest should be included in a buy- sell clause or, if complex, in a separate agreement.

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Profits-interest payouts will eventually cap out, so consider throwing in a non-compete clause or non-solicitation agreement for good measure.

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