A contract in which each partner agrees to buy out the interest of a deceased or permanently disabled partner. This type of agreement is usually used with partnerships.
Related information about cross purchase agreement:
- Cross-Purchase Agreement Definition | Investopedia
A cross-purchase agreement is used in business continuation planning. The document outlines how the shares can be divided or purchased by the remaining ...
- What Is A Cross-Purchase Agreement? | Startup Lawyer
Aug 1, 2007 ... Therefore, when shareholders execute a cross-purchase agreement to buy each others' stock, they must have the personal funds to do so ...
- Cross Purchase Agreement - Sample Contracts - Onecle
Oct 24, 2003 ... CROSS PURCHASE AGREEMENT. THIS CROSS PURCHASE AGREEMENT, made and entered into effective as of the 24th day of October, ...
- What is cross-purchase agreement? definition and meaning
Definition of cross-purchase agreement: Contract among partners or stockholders (shareholders) to purchase shares belonging to an incapacitated or deceased ...
- Structuring Corporate Buy-Sell Agreements
With a cross-purchase agreement, each owner of the corporation purchases an ... Another disadvantage of the cross-purchase agreement is that age or ...
- Cross-purchase agreement | Business Pundit
A cross-purchase agreement is a contract among partners or stockholders ( shareholders) to purchase shares belonging to an incapacitated or deceased.
- Cross Purchase Buy-Sell Agreement
As successful business partners, you've worked hard to develop systems to handle daily operations and attract customers to your business. But will the business ...
- Using A 'Trusteed' Cross-Purchase Agreement Can Eliminate ...
Nov 30, 2008 ... As an advisor to business owners, you help them identify a way to transition out of their business, when to sell and to whom, how ...