Succession Planning

Buy/Sell Agreement aka Succession Planning

A buy/sell agreement, also known as a business continuation agreement or a buyout agreement, is a legally binding contract between co-owners of a business. It stipulates how a co-owner’s share of the business may be reassigned if that co-owner passes away or otherwise leaves the business. It’s a crucial part of succession planning, ensuring the smooth transition of ownership and control of the business.

At Madd Life, we understand the importance of succession planning and can guide you through the process of setting up a buy/sell agreement.