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foreign think of a buy sell agreement as an estate plan for a business so when we have a business either with multiple owners or with a single owner we want to make sure that we have a plan in place that talks about whats going to happen should a business owner become disabled at the death of a business owner if we have multiple owners what if theres a deadlock the two business owners or the three business owners can agree what happens at retirement or what happens if one owner gets an offer to buy his interest and the other owners want to remain as owners of the business so thats what a buy sell agreement does for it it defines what events are going to trigger a sale of an interest gives us basic terms on what we would expect in purchase price and payments whether its cash or overtime and every business whether you have multiple owners or a single owner needs to have a business plan in place [Music]
