Buy/Sell Arrangements - New

Buy/sell arrangements set the ground rules between co-owners of a business (shareholders in a company, partners in a firm or unit holders in a unit trust) as to what is to happen if a co-owner dies, becomes totally and permanently disabled or suffers some illness or trauma that will likely require them to leave the business.  Fundamentally buy/sell arrangements deal with when and how the other co-owners will acquire the interests of the outgoing or disabled co-owner in the business.