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buy-sell agreement |
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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. |
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This treatise provides many examples of provisions required to prepare efficient, iron-clad buy-sell agreements that protect clients' tax, legal and business interests. This farmer believes that within the first three to five years, a plan needs to be hammered out regarding retirement income for the elder generation, a buy-sell agreement and insurance policies to pay the estate for a share of the business. A buy-sell agreement is a contract between two or more business owners that outlines what happens to a partner’s ownership interest when certain events occur. |
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buy-sell agreement
