Buy-Sell Agreements

A Buy-Sell Agreement is a legally binding contract among business partners or co-owners that outlines what happens to a business share if an owner wants to sell their interest, retires, or passes away. It ensures a smooth transition of ownership by specifying how the business will be valued and how remaining partners can buy out the departing owner's share. This agreement helps prevent disputes and protects the interests of all parties involved, ensuring that the business remains stable and that ownership is passed on according to the owners' wishes.