A Buy-Sell Agreement, is a legally binding agreement between co-owners of a business that outlines the procedure for the transfer of ownership in the event of certain triggering events.

These events can include the death, disability, retirement, or voluntary departure of one of the owners.

The primary purposes of a Buy-Sell Agreement is to ensure the smooth continuation of the business should something happen to a co-owner. The funding for a Buy Sell Agreement is set up in a variety of ways, including using life insurance.

A well-drafted Buy-Sell Arrangement helps protect the business and the interests of all parties involved, ensuring stability and continuity during potentially disruptive events.