Buy & Sell Agreements

Tel: 314-727-0163

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buy sell agreementDespite their name, Buy-Sell Agreements have very little to do with actually purchasing or selling a business. While a section of the buy-sell agreement may address the purchase or sale of a business, the primary use of a buy-sell agreement is to provide a set of instructions on how a business may be transferred between co-owners or partners.

It may be easier to think of a buy-sell agreement as a buy out agreement between business owners. This business contract details the process an owner may take when "buying out" his/her business partner(s). A buy-sell agreement may be activated due to a wide range of circumstances, including, but not limited to:

  • Retirement planning
  • Death, divorce, or relocation of the partner/co-owner
  • An owner's desire to sell his/her share of the business
  • Incompetence or incapacitation of a partner/co-owner
  • Irreconcilable differences between partners/co-owners

A well written buy-sell agreement will detail how the transfer of the business will occur, including details such as:

  • Value of the share(s) of the business
  • Timeframe of the transfer
  • Potential funding options
  • Successors

An experienced business law attorney can also use a buy sell agreement to address other matters such as:

  • The effect of personal bankruptcy on the business
  • How personal lawsuits against an owner may affect the business
  • How a spouse or former spouse of an owner may seek ownership

Business law can be a complex and confusing area of law. It is imperative that you seek sound legal advice to avoid potential pitfalls when first forming a business.

We accept credit cards for your convenience. Contact our St Louis law firm today to schedule an appointment to learn how our legal expertise can help you acheive your goals. The Law Office of Christopher P. Cox, LLC is conveniently located in Chesterfield, Missouri. Call us at 314.727.0163 or contact us online.

Office Location

Law Office of Christopher P. Cox, L.L.C.
13321 N. Outer 40 Rd.
Suite 600
Chesterfield, MO 63017
Tel: 314-727-0163
Fax: 314-448-4300


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