A buy-sell agreement provides for the corporation to buy back a shareholder's stock when he/she leaves the company.

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A buy-sell agreement typically includes provisions for the corporation to buy back a shareholder's stock when they leave the company, become disabled, die, or want to sell their shares. This helps ensure that ownership interests in the corporation remain stable and that the departing shareholder receives fair compensation for their shares.

A Buy-Sell Agreement Provides for the Corporation to Buy Back