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Buy-Sell Agreement

Singapore Buy Sell Agreement

Buy Sell Agreement

Buy Sell Agreement

In Singapore, A Buy–Sell Agreement, also known as a buyout agreement, is a legally binding agreement between co-owners of a business that governs the situation if a co-owner dies or is otherwise forced to leave the business, or chooses to leave the business.

It may be thought of as a sort of premarital agreement between business partners/shareholders or is sometimes called a “business will”. An insured buy–sell agreement (triggered buyout is funded with life insurance on the participating owners’ lives) is often recommended by business-succession specialists and financial planners to ensure that the buy–sell arrangement is well-funded and to guarantee that there will be money when the buy–sell event is triggered.

If you need more clarification and consultation on how a Buy-Sell Agreement Policy will benefit your business in Singapore, please feel free to contact us.

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