Buy Sell Agreement

The video tutorial explains buy-sell agreements, which are contracts that govern the conditions under which an owner can leave a business entity. These agreements are crucial for closely held corporations to prevent ownership interests from being distributed to outsiders. They often include provisions for share repurchase or the right of first refusal, ensuring that the corporation can maintain control over its ownership structure. The tutorial covers the rights and obligations of both the business entity and the owner in these scenarios.

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