Definitions for "Buy-sell Agreement"
Agreement where the partners consent to purchase the interest of those leaving the partnership and those leaving consent to sell their interests to the other partners. Important in the event of death or disability of one or more partners, as well as other occurrences.
An agreement between an interim and permanent lender for the sale and assignment of a mortgage to the permanent lender upon the com-pletion of a building. Often the mortgagor is a party to this agreement on the theory that the mortgagor should have a contractual right to insist that the permanent lender buy the mortgage.
a contract that sets forth the conditions under which a shareholder must first offer his or her shares for sale to the other shareholders before being allowed to sell to entities outside the company.
Keywords:  buydown
Buydown
a smart and effective means of short-circuiting ownership disputes before they occur
a part of the overall estate planning process