You would sound an alarm if someone walked off with half of your money or your household possessions right?  If you are a business owner with partners and have not put a Buy/Sell Agreement in place you could watch part of your business walk right out the door and never know what hit you.   

 

A Buy/Sell Agreement is a must.  This is an agreement between business owners that spells out the terms by which any of you are allowed to be compensated for your share of ownership of the business upon certain events occurring.  This agreement usually covers situations such as sale of shares to an outside party, death, disability, bad acts - (such as fraud or criminal activity etc),bankruptcy, retirement and even divorce. More...