A buy and sell agreement assures a smooth transition of ownership and business
continuity in the event of a departure of a partner or large equity owner
. The agreement is
continuity in the event of a departure of a partner or large equity owner
. The agreement is
a legally-binding contract that establishes how the departing owners' shares will be
a legally-binding contract that establishes how the departing owners' shares will be
obtained by the remaining partners.
obtained by the remaining partners.
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