Buy-Sell Agreement Attorneys Santa Cruz County
At Dawson, Passafuime, Bowden & Martinez, our Business lawyers help businesses in Santa Cruz and surrounding counties by drafting buy-sell agreements.
A buy-sell agreement (also known as a buyout agreement) is a contract where the shareholders or owners of a business agree to purchase the interests of a withdrawing or deceased shareholder. The agreement describes the conditions (usually death, disability, or termination of employment) and the terms under which shareholders may or must transfer their shares.
The Business lawyers at Dawson, Passafuime, Bowden & Martinez have experience in drafting buy-sell agreements that ensure the uninterrupted continuation of the business entity in the event of the death or withdrawal of a participant, prevent “outsiders” from becoming transferees of corporate shares upon a shareholder’s death, disability, or retirement from the corporation, and enable the shareholders to sell their shares for a fair price despite the lack of a public market. Our Business attorneys can also draft the buy-sell agreement to give the remaining shareholders an option to dissolve the corporation upon the death of a major shareholder.