Buy-Sell Agreement Planning Checklist Page 16
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16Other considerations
How will amounts owing by the business to the departing partner be dealt with?
How will amounts owing to the business by the departing partner be dealt with?
Are the wills of the owners consistent with the terms of the agreement?
Do owners have marital contracts and, if so, are they consistent with the terms of the agreement?
Termination provisions
Under what circumstances will the agreement be terminated?
Yes
No
Bankruptcy of the business
Winding up the business
Agreement by all parties
Death of all owners in common disaster
Other
Notes
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