Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “buy-and-sell agreement”

buy-and-sell agreement

noun [C]
 
 
LAW
an agreement saying that the remaining partners of a company will buy the part of a company owned 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 real estate can help you avoid problems in the future.
(Definition of buy-and-sell agreement from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of buy-and-sell agreement?
Add Cambridge dictionaries to your browser to your website

Word of the Day

ellipsis

a situation in which words are left out of a sentence but the sentence can still be understood

Word of the Day

Euphemisms (Words used to Avoid Offending People)

by Kate Woodford,
March 04, 2015
​​​ We recently looked at the language that we use to describe lies and lying. One area of lying that we considered was ‘being slightly dishonest, or not speaking the complete truth’. One reason for not speaking the complete truth is to avoid saying something that might upset or offend people. Words and

Read More 

snapchat verb

March 02, 2015
to send someone a message using the photomessaging application Snapchat We used to have a thing until he got a girlfriend. now

Read More