To acquire the ownership of property by giving an accepted price or consideration therefor; or by agreeing to do so ; to acquire by the payment of a price or value; to purchase. Webster.
Category: B
BUY AMERICAN ACT
BUY AND HOLD
BUY AND SELL AGREEMENT
Both partnerships and director/shareholder controlled companies need agreements to help ensure a satisfactory disposal of shares in certain circumstances. The ‘buy and sell’ route is one such, where it is written into a wider agreement that in the event of death or retirement, one party will sell the business share, and another buy. A fixed agreement rather than an option.