What is BUY AND SELL AGREEMENT?

Both partnerships and director/shareholder controlled companies need agreements to help ensure a satisfactory disposal of shares in certain circumstances. The ‘buy and sell’ route is one such, where it is written into a wider agreement that in the event of death or retirement, one party will sell the business share, and another buy. A fixed agreement rather than an option.

More On This Topic



Link to This Definition
Did you find this definition of BUY AND SELL AGREEMENT helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary