Terms Beginning With 'b'

Buy-Sell Agreement

  • January 15, 2020
  • Team Kalkine

A legally binding contract that specifies how the share of a partner in a business can be re-assigned if one of the business partners dies or quits.  Also called a buyout agreement, they are generally used by partnerships or sole proprietorships. There are two types of buy-sell agreement:

  • Cross-purchase Agreement
  • Redemption Agreement

x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK