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Types of Buy-Sell Agreements

A buy-sell agreement is a legally binding document that stipulates what will happen to a business when a business owner or partner becomes disabled, dies, retires or decides to sell his or her interest in the company. Buy-sell planning is an extremely important part of long term business continuation planning. The common types of buy-sell plans include the stock redemption agreement or entity plan, the cross purchase buy-sell agreement and the wait-and-see buy-sell agreement.

Key Provisions of a Buy-Sell Agreement
Buy-Sell Agreement Advantages
Sample Buy-Sell Agreement