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the following BL TV program is brought to you by OFlaherty law please enjoy welcome to my name is Kevon OFlaherty from a flirty law and today were gonna explain buy-sell agreements for closely held corporations LLCs and partnerships so first what is a buy-sell agreement its a contract between the owners of a business usually a small ownership group that sets forth certain triggering events that will require or allow the company to purchase and exiting owners shares so these events might be the death or the disability of an owner the voluntary sale of an owner stock the involuntary removal of an owner from the company either for good cause or otherwise the bankruptcy or divorce of an owner the retirement of an owner or the termination of an owners employment with the company and the bottom line in these agreements is you want to provide financial security for all the owners at the outset of the company so that all of the owners regardless of what happens to whom have some certaint
