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.

References in periodicals archive ?
Read Business Succession Planning and the Buy-Sell Agreement on ThinkAdvisor.
Speaker Calls for More Use of Permanent Life in Buy-Sell Arrangements
He added that the citys consulting engineers, Meyer Group, proposed reaching a buy-sell agreement, using a third party the company works with to piece together the offer.
United States : Rosepine Council moves to protect interest in property for new WwTP
They cover what a business divorce is, pre-suit considerations, effectuating a split, challenging a split, common claims, the nature of claims chart, issues in damages and valuation, statutory definitions of value, protective measures--a practical guide, voluntary corporate dissolution checklist, dispute resolution checklist, and buy-sell agreement dispute avoidance checklist.
Litigating the Business Divorce
When going into business with one or more partners, drawing up a buy-sell agreement is routine.
How to make term life insurance do more
A one-way buy-sell agreement, which Ron and Greg decide to execute, typically includes the following terms and conditions:
One-way buy-sell agreements: the mechanics and benefits
But there's one contract every construction business owner should have that sometimes goes overlooked: a buy-sell agreement.
Build a buy-sell agreement and protect your construction company
Of all the business protections that companies routinely have in place, the one that seems to get the least attention is the buy-sell agreement.
Russell Bedford Publishes March 2016 Edition of Business World Magazine
Buy-sell arrangements are a key business protection tool and should include both a buy-sell agreement and an identified source of funding.
Buy-sell planning for franchisors or franchisees: a well-constructed buy-sell arrangement can provide peace of mind for you and your family that there is a succession plan in place to help take care of the needs of all interested parties
Without certain kinds of business life insurance like key person coverage or an insured buy-sell agreement on the partner who died, our fictitious business may have serious problems and be forced to liquidate or even close shop.
Why insuring principal employees and owners may keep your business operating
A buy-sell agreement can benefit a closely held business in many ways:
Helping a business survive a co-owners death or disability
Businesses with more than one substantial co-owner should have a buy-sell agreement.
Prime points for your buy-sell
One of the advisers on the team, Andrew Karlen of the law firm Karlen & Stolzar in White Plains, New York, says that a family business with co-owners generally should have a buy-sell agreement in place.
How to prepare your business for succession: here's five steps to passing on your business
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