Common Contracts
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BUY-SELL AGREEMENTS: CHECKLIST FOR BUSINESS OWNERSMarch 15th, 2014
When two or more individuals own a business, whether through a corporation, partnership or limited liability company, it is important that they enter into a business continuation agreement with buy-sell provisions (a buy- sell agreement). Such an agreement provides for the purchase and sale of an owner's interest in the business upon the occurrence of certain future events, such as death, disability, termination of employment, retirement or withdrawal from the business. The following are some of the important questions that a buy-sell agreement should address:
