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Buy-Sell Agreement (Company Shares)

The Buy-Sell Agreement (Company Shares) is a legal document that outlines the terms and conditions for the sale of company shares between shareholders.

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Service Description

A Buy-Sell Agreement (Company Shares) is a legal document that outlines the terms and conditions for the sale and purchase of shares in a company. The agreement is typically entered into between the shareholders of the company and contains provisions that govern what happens in the event of certain triggering events, such as the death, disability, retirement, or divorce of a shareholder.

The purpose of a Buy-Sell Agreement (Company Shares) is to provide a mechanism for the orderly transfer of ownership in a company and to protect the interests of the shareholders. The agreement typically sets out the price and terms of the sale, as well as the funding mechanism for the purchase.

In addition to providing for the sale and purchase of shares, a Buy-Sell Agreement (Company Shares) may also contain provisions that address other issues, such as voting rights for minority shareholders, restrictions on the transfer of shares, and the right of first refusal. The agreement can also be used to establish a valuation method for the company, which can be useful in the event of a dispute or if the company seeks to raise additional capital.

Overall, a Buy-Sell Agreement (Company Shares) is a valuable tool for protecting the interests of shareholders and ensuring the continued success of a company. It is important to work with an experienced attorney to draft a comprehensive agreement that meets the specific needs and goals of the shareholders.

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