"Agreement to Sell" is a contractual document where the seller has committed to sell the property to the buyer at a future date upon fulfilling specific conditions.
Following are the key pieces of information that should be spelled out within the buy-sell agreement: List of triggering buyout events. List of partners or owners involved and their current equity stakes. A recent valuation of the company's overall equity. A funding instrument, such as life insurance policies.
An agreement to sell refers to a contractual arrangement where the transfer of ownership of a property will occur at a future date, upon specific conditions being fulfilled. On the other hand, sale of the property is a completed transaction where ownership is immediately transferred from the seller to the buyer.