Common Contracts
2 similar Buy-Sell Agreement contracts
HOW DOES IT WORK?Buy-Sell Agreement • July 26th, 2022
A buy-sell agreement is a written contract between two or more owners of a business, or among owners of the business and the entity. It sets out rules and expectations about what will happen in the event of the death, disability, divorce, insolvency or retirement of any owner (a “triggering event”). The purchase and sale of interests of the business at a price determined under the agreement is dependent on the occurrence of certain triggering events. Additionally, the structure will dictate whether this is a right or obligation.
HOW DOES IT WORK?Buy-Sell Agreement • August 11th, 2021
A buy-sell agreement is a written contract between two or more owners of a business, or among owners of the business and the entity. It sets out rules and expectations about what will happen in the event of the death, disability, divorce, insolvency or retirement of any owner (a “triggering event”). The purchase and sale of interests of the business at a price determined under the agreement is dependent on the occurrence of certain triggering events. Additionally, the structure will dictate whether this is a right or obligation.