buy-sell agreement

buy-sell agreement definition - business

buy-sell agreement

A written agreement in which the owners of a business agree to buy the interest of one or more of the owners under certain circumstances. For example, a buy-sell agreement may include a predetermined price or formula for buying the interest of an owner who dies.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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