Buy-sell Agreement
Definition of "Buy-sell agreement"
Partnership agreement where the parties consent to purchase the interest of those leaving the partnership while those leaving similarly consent to sell their interests to agreement for a partnership in the event of the death or disability of one or more partners or the occurrence of some other specified event.
Popular Real Estate Terms
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Tax-free exchange that allows a seller two years after escrow closes on his former principal personal residence to buy like-kind property and defer taxes. Profits from the sale of a ...
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Giving of a promise or guarantee to the receiver to instill confidence. ...
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