One way buy sell agreement form doc
What is a Buy-Sell Agreement?
Buy-Sell Agreements protect your company from future problems by solidifying what happens if an owner wants—or needs—to sell their part of the company. This agreement outlines who can buy an owner's interest, what will be the price, and what is to happen with an owner's part of the business should they die, become disabled, retire, declare bankruptcy, or get divorced.
When to use a Buy-Sell Agreement:
- You and the other owners of the company want to control who is allowed to buy an interest in the business.
- You want to outline what happens if an owner becomes disabled, retires, goes bankrupt or dies.
- You want to establish a fair price for the business in advance of any disagreements between owners.
- You want to decide what happens to an owner's interest if an owner divorces.
- You want to require that anyone who inherits interest (by death or divorce) in the business must sell their portion to the company.
Sample Buy-Sell Agreement
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