What is a buy sell agreement?

Discover best practices for developing a buy sell agreement.

A buy sell agreement, or buyout agreement, is a contract that explicitly outlines what happens if a partner in a jointly owned business dies, goes bankrupt, retires, or leaves the business for some reason. Think of it like a prenuptial agreement for business co-owners.

Benefits of a buy sell agreement.

Although this may be the last thing you want to think about when going into business with a partner, it’s essential to outline and agree on these terms from the outset. A buy sell agreement benefits your business in the following ways:

Make sure you consult a legal expert before developing your buy sell agreement to ensure it meets your own business needs.

Simply create, then securely sign.

WIth Adobe Pro DC with e-sign, you can create confidential, electronic buy sell agreements for your business. You can also easily sign, share, and store them for a secure digital trail.