Finance

Buy-sell agreements for partners

By Scavi Company · · 3 min read
Buy-sell agreements for partners

A buy-sell agreement decides what happens if a partner leaves, retires or dies.

Triggers

Death, disability and exit.

Valuation

How price is set.

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Funding

Often insurance.

Review

Update regularly.

Attorney drafted.

Common mistakes

No agreement, outdated values and no funding.

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Frequently asked questions

Why do business partners need a buy-sell agreement?

It prevents disputes by defining how ownership is valued and transferred if something changes.