Business for Sale Agreements


 
A buy-sell agreement is also known as business continuation agreement and buyout agreement. The agreement is used by the business buyer and seller to enter into a contract for the transfer of business interests when a specified triggering event occurs. Typical events when the business agreement comes into a play are death, disability and retirement.

A buy-sell agreement allows a family business to establish which family members will take control of the business and establish the rights and obligations of all non-active members.

 

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