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    Sole Proprietorship Buy-Sell Agreement

    $17.99

    Succession planning is vital to the survival of small businesses. This Sole Proprietorship Buy-Sell Agreement can help ensure the continuity of yours.

    • The Agreement is between the owner of a sole proprietorship and an employee who wants to purchase the business when the owner dies, as both parties want the business to continue to exist.
    • On the death of the proprietor, the executor or administrator of the estate will sell the business to the employee.
    • The employee will finance the purchase through proceeds of a life insurance policy on the life of the proprietor.
    • The purchase will include all real property, accounts receivable and other assets of the business.
    • The parties will jointly determine the value of the business at the end of each fiscal year.
    • This is a generic legal contract template which does not contain specific references to the laws of any country and can be used in most common law jurisdictions.
    Download Type: Microsoft Word
    Last Updated: 10-June-2021
    SKU: 399