As a business owner, the likelihood is high that you deal with a number of different types of contracts on a regular basis. If you are in a business partnership or the co-owner of a company, there is one type of contract in particular that should be of interest to you: a Buy-Sell Agreement.
If you are a business owner, you should have heard of a Buy-Sell Agreement by now, because having one in place can protect your business in a number of different circumstances. To learn more about the 3 W’s of Buy-Sell Agreements (What/Why/When), read Part 1 of our Quick Guide series on Buy-Sell Agreements on our blog and learn more about the essentials of these types of agreements in Part 2 below.
As a business owner, you want to ensure you have all your bases covered to allow your business to thrive and survive. Have you ever considered the repercussions of a partnership dissolution, co-owner dispute, or unexpected death on the future of your business?