Buy and Sell Agreement: 2 parties (Death & Disability)

This Buy and Sell Agreement is recommended for the mutual protection of both shareholders in a company or members in a close corporation in the event of the death or disability of one of the parties.

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A Buy and Sell Agreement sets out the procedure to be followed if a shareholder/member dies or is disabled. The Agreement provides for the remaining shareholder / member to purchase the shares / members interest from the disabled shareholder / member or from the deceased estate and sets out how this is to be done. Buy and Sell Agreements are usually associated with life insurance policies. But you do not have to have life insurance policies in place to implement a Buy and Sell Agreement. 

The shareholders in a company or the members in a close corporation, where there are two shareholders / members can use this agreement.

The agreement can be printed onto four A4 pages.