What is the definition of Buy-sell agreement? | Dictionary.net

BUY-SELL AGREEMENT

\bˈa͡ɪsˈɛl ɐɡɹˈiːmənt], \bˈa‍ɪsˈɛl ɐɡɹˈiːmənt], \b_ˈaɪ_s_ˈɛ_l ɐ_ɡ_ɹ_ˈiː_m_ə_n_t]\

Definitions of BUY-SELL AGREEMENT

1910 - Black's Law Dictionary (2nd edition)

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Also known as a buyout agreement, is a binding agreement between co-owners of a business that governs what happens if a co-owner dies or is otherwise forced to leave the business, or chooses to leave the business.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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