cross-purchase buy and sell agreement
- cross-purchase buy and sell agreement
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Black's law dictionary.
HENRY CAMPBELL BLACK, M. A..
1990.
Look at other dictionaries:
cross-purchase buy and sell agreement — Under this type of arrangement, the surviving owners of a business agree to buy out the withdrawing owner. Assume, for example, R and S are equal shareholders in T Corporation. Under a cross purchase buy and sell agreement, R and S would contract … Black's law dictionary
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