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Buy-Sell Agreement Life Insurance Template

The deal would delineate how shares are sold in any situation – whether a partner wants to retire, experience a divorce or die. This agreement would protect the business, so that the heir or former rights of the spouses could be taken into consideration without having to sell the business. The life insurance protection used to finance a sales contract can be structured in different ways depending on how the agreement is organised. The structure of a sales contract determines who buys the outgoing owner`s share and how much the buyer will pay. Sometimes things escalate from conflicts into something more dangerous for the future of the company. Each purchase agreement will be a little different depending on the specific situation of the company, but below are listed some of the most important things that a buyout agreement should contain…