Buy-Sell Agreement

BUY-SELL AGREEMENT

This Buy-Sell Agreement is made on [DATE] between the owners of [COMPANY NAME]: [OWNER NAMES].

1. TRIGGERING EVENTS

This Agreement applies upon: death, disability, retirement, voluntary withdrawal, or involuntary termination of any owner.

2. VALUATION METHOD

Company value determined by: [VALUATION METHOD] as of [VALUATION DATE]. Valuation conducted by [APPRAISER SELECTION].

3. PURCHASE OBLIGATION

Upon triggering event, remaining owners [MUST/MAY] purchase departing owner's interest at determined value.

4. PAYMENT TERMS

Purchase price paid: [PERCENTAGE]% at closing, remainder in [NUMBER] equal installments over [YEARS] years at [INTEREST RATE]% interest.

5. LIFE INSURANCE

Each owner shall maintain life insurance of $[AMOUNT] with company as beneficiary to fund purchases upon death.

6. RIGHT OF FIRST REFUSAL

No owner may sell to third parties without first offering to remaining owners at same terms.

OWNERS:

[OWNER 1]: _________________ Date: ___________

[OWNER 2]: _________________ Date: ___________