Contact Us for a Consultation 334-440-6165

Buy-Sell Agreement

Buy-Sell Agreement

A buy-sell agreement is a legally binding contract that stipulates how a partner's share of a business may be reassigned if that partner dies or otherwise leaves the business.

The buy-sell agreement stipulates that the business share be sold to the company or the remaining members of the business according to a predetermined formula. Buy-sell agreements are commonly used by sole proprietorships, partnerships, and closed corporations in an attempt to smooth transitions in ownership when each partner dies, retires, or decides to exit the business.

Memberships

The Robinson Advocacy Group Professional Corporation (Headquarters)
445 Dexter Ave, Suite 4050
Montgomery, AL 36104
334.440.6165
334.460.6064 (fax)
The Robinson Advocacy Group Professional Corporation (Texas)
445 East FM 1382 , Suite 3 #705
Cedar Hill, TX 75104
334.440.6165

Menu