Buy - sell agreements legally bind business partners or owners into agreeing to purchase each others» shares of
the company at a predetermined price in the event of death, disability, or other predetermined qualifying events such as at a predetermined retirement age.
Not exact matches
For instance, rather than buying 200 shares all
at once of
Company XYZ, it is possible to buy 50 shares
at a
predetermined price, then 50 more shares $ 5 lower, and so on and so forth until a full 200 share position is established.
You may do it individually, involve your
company or institution that could also be a bank to buy or sell the currency of your choice pitting one against the other
at a
predetermined date and
price.
For instance, a life insurance contract can be structured in such a way to ensure that the remaining business owners have the funds to buy the
company interest of a deceased owner
at a
predetermined price.