Buy Sell Agreement Template
Buy Sell or Buyout Agreement
The Buy Sell agreement 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 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.
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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.
A buy and sell agreement (or buyout agreement) is a legally binding agreement that stipulates how a partner’s share of a business may be reassigned if that partner dies or otherwise leaves the business. Most often, the buy – sell agreement stipulates that the available shares be sold to the remaining partners or to the partnership of the company