buy-and-sell agreement Meaning in the Cambridge English Dictionary
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Meaning of “buy-and-sell agreement” in the English Dictionary

"buy-and-sell agreement" in Business English

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buy-and-sell agreementnoun [C]

uk   us   LAW
an ​agreement saying that the remaining ​partners of a ​company will ​buy the ​part of a ​companyowned by a ​partner who dies, becomes unable to ​work, or ​wants to ​sell: A buy-and-sell ​agreement will ​protect the ​business from ​collapse if a ​partner dies.
PROPERTY a written ​agreement between a ​buyer and a ​seller of a ​building or ​land that says what each of them must do to make the ​sale: Drafting a proper buy-and-sell ​agreement for the ​purchase or ​sale of ​realestate can ​help you ​avoid problems in the future.
(Definition of buy-and-sell agreement from the Cambridge Business English Dictionary © Cambridge University Press)
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