Common Contracts
1 similar Buy-Sell Agreement contracts
Understanding Buy-Sell AgreementsBuy-Sell Agreement • August 19th, 2010
A buy-sell agreement, also known as a buyout agreement, is a binding agreement between co-owners of a business that governs what happens if a co-owner dies or is otherwise forced to leave the business. Surviving owners generally want to ensure a continuity of ownership and management without having the departing owner’s inheritor thrust upon them. They also do not want to unduly compromise the cash flow needs of the business by funding a significant buyout.
