Buy-Sell AgreementsBuy-Sell Agreement • July 25th, 2013
Contract Type FiledJuly 25th, 2013A Buy-Sell Agreement is an agreement among the owners of a business to control who can own the shares or an interest in your business in the future and how much the interests will be worth in the event of an owner’s death, disability, bankruptcy, divorce or retirement. The reason for having one is simple – you’ll want to avoid the headache, heartache, and expense of a dispute and potential lawsuit among you and your partners when one of you decides to depart, dies, gets divorced, goes bankrupt, or tries to sell to a third party. You could be placing yourself at grave risk to be in business with someone you never intended.