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 ?
This is most commonly done through what is called a "buy-sell agreement." Your buy-sell agreement will detail the circumstances under which one partner will buy out the other and at what price.
Can your business survive without you or your partner?
Ford Middle East has announced the successful completion of a buy-sell agreement between its two Saudi distributors, Mohamed Yousuf Naghi Motors Co.
Ford Saudi distributor network accelerates growth
'Through this collaboration, home buyers can get loans from us from the early stages of a purchase - having just a buy-sell agreement - at a 10 per cent annual interest rate."
Chip Mong Bank begins offering first loan service
A buy-sell agreement (also known as a shareholder agreement) plays an important role in maintaining alignment between ownership and a business' objectives.
OP-ED: Review that buy-sell agreement before trouble pops up
It is important for a business with multiple owners to have a buy-sell agreement, but the time to create such an agreement is not during an ownership transition, but rather right at the outset, when all of the owners are involved and an orderly transition can be planned for.
Considerations for Using Buy-Sell Agreements: The Advantages for Owners, Accountants, and Financial Advisors
The primary purpose of a buy-sell agreement is to legally confer on owners of a business or the business itself the right or obligation to buy a departing owner's interest.
Buy-sell agreements need regular upkeep
Advising two parties to a transaction (e.g., a buy-sell agreement), helping parties resolve a dispute or participating in business deals with clients are problematic in some cases.
tip of the Month: Partner with Your Insurance Company
--Read Business Succession Planning and the Buy-Sell Agreement on ThinkAdvisor.
Speaker Calls for More Use of Permanent Life in Buy-Sell Arrangements
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
With their attorney's assistance, they enter into a typical buy-sell agreement. Three years later:
Bridge the gap with critical illness insurance
If the owner decides to dispose of the business during his or her lifetime, the employee typically has the right of first refusal under a buy-sell agreement's terms and conditions.
One-way buy-sell agreements: the mechanics and benefits
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