Buy-Sell Agreement A binding contract between co-owners that controls the purchase of a withdrawing owner's ownership interest and includes transfer restrictions that control when owners can sell their interest, who can buy an owners interest, ...
Buy-Sell Agreement
(n) Buy-Sell Agreement is the agreement between partners of a business entity containing the provision and mode of transferring the shares of one partner to the other.
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BUY-SELL AGREEMENT: An agreement among business partners that specifies how shares in the business are to be transferred in the case of a co-owner's death.
BUY-SELL AGREEMENT - Contract for the sale of a business or an agreement among business partners that specifies how shares in the business are to be transferred in the case of a co-owner's death.
buy-sell agreement
n. a contract among the owners of a business which provides terms for their purchase of a withdrawing partner's or stockholder's interest in the enterprise.
Expanded Legal Definition of Shock ProbationShotgun Clause A buy-sell agreement where a shareholder wishes to sell his or her shares, ...
A shareholder -- also called a stockholder -- has rights conferred by state law, by the bylaws of the corporation and, if one has been adopted, by a shareholder' s agreement (often called a buy-sell agreement).
The operational and ownership plans of partnerships can be legally clarified by having both a Partnership Agreement and a Buy-Sell Agreement in place.
 See also: Agreement, Law, Corporation, State, Attorney
  
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