Buy Sell Agreement Draft
This list is intended to give you a general overview of the clauses and scenarios that should be considered in most buy-sell agreements. What happens when an owner dies and a beneficiary inherits their share in the business? What if an owner divorces and an ex-spouse receives part of the business? What if a person died and his executor had to sell his share of the case to cover debts? Do other owners have the first purchase option? If an owner is going to file for bankruptcy, how much notification does he have to give? It is therefore advisable, when buying at fair value, to provide in the purchase-sale contract that the parties can informally agree on the « fair value » and that a valuation can only be used if there is no informal agreement between the parties on the fair value. . . .