BUY AND SELL AGREEMENT
\bˈa͡ɪ and sˈɛl ɐɡɹˈiːmənt], \bˈaɪ and sˈɛl ɐɡɹˈiːmənt], \b_ˈaɪ_ a_n_d s_ˈɛ_l ɐ_ɡ_ɹ_ˈiː_m_ə_n_t]\
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Both partnerships and director/shareholder controlled companies need agreements to help ensure a satisfactory disposal of shares in certain circumstances. The 'buy and sell' route is one such, where it is written into a wider agreement that in the event of death or retirement, one party will sell the business share, and another buy. A fixed agreement rather than an option.
By Henry Campbell Black
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