Buy-Sell Agreement

What Is A Buy-Sell Agreement?  A Buy-Sell Agreement is relevant when you form a business with co-owners.  The Buy-Sell Agreement is a binding contract between co-owners of the business. The contract sets the terms and conditions of a future sale of one of the co-owners' shares in the business once a triggering event occurs.  The purpose of Buy-Sell Agreements is to protect the remaining co-owners’ shares in the business from being depleted.      What Are Considered Triggering Events?  Many Buy-Sell Agreements contain condition precedents before the duties and obligations under the contract are “triggered”.  For example, triggering events may include the [...]