A buy-sell agreement is an agreement between co-owners of a business and covers situations in which one party leaves the business.

Going into business with a partner is a bit more complicated than doing it alone. A buy-sell agreement deals with what happens if one of the company’s owners is forced to leave, dies, or chooses to part ways with the company. Though each business varies and there is no ‘one size fits all’ approach to buy-sell agreements, this template serves as a guideline for the creation of your own agreement.