The Buy Sell agreement template may be used with partnerships, companies or trusts, and for co-owners of a business who own their shares outright, rather than through a trust.
This Buy Sell Agreement Template includes provisions for:-
- Creating the mechanism to buy and sell shares in the business
- Method for determining market value
- Payment of purchase monies
13 Pages long.
Buy Sell Agreement
This information is not legal information provided by Precedents Online or it’s Authors. It is for General Information only and to be used accordingly.
A buy–sell agreement, also known as a buyout agreement, is a legally binding agreement between co-owners of a business that governs the situation if a co-owner dies or is otherwise forced to leave the business, or chooses to leave the business. Wikipedia
A buy and sell agreement is a legally binding contract that stipulates how a partner’s share of a business may be reassigned if that partner dies or otherwise leaves the business. … The buy and sell agreement is also known as a buy–sell agreement, a buyout agreement, a business will, or a business prenup.