Buy-Sell Agreement

A Buy-Sell Agreement is a legally binding contract between business owners that specifies how ownership interests will be transferred if an owner leaves, retires, becomes disabled, or passes away. It outlines the process for the remaining owners or the business to purchase the departing owner’s shares, helping ensure stability and continuity. This agreement prevents conflicts, provides clear valuation terms, and secures the business’s future by defining how shares are bought or sold under different circumstances.