Puerto Rico Buy-Sell Agreement of Shareholders with Mandatory Redemption by Corporation on Death Shareholder with Purchase Option during Lifetime of Shareholder and Purchase Price Based on Book Value
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Description
This Buy-Sell Agreement is an agreement between shareholders and the corporation whereby the parties agree to the terms and conditions of a future sale of the shareholders' interests. By signing the agreement, the party contractually limits his or her ability to dispose of his or her interest in the corporation to the terms of the agreement.
A buy-sell agreement is useful in assuring the orderly transfer of interests in a corporation. By limiting a party's ability to dispose of his or her interest in the corporation, control of the corporation may be assured.
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