Acordo de compra e venda entre sócios (de um capital subscrito por um valor previamente fixado, e que obriga os sucessores, na ocorrência de morte ou invalidez de um deles)

inespecíficado

full

buy-and-sell agreement

Definitions of buy-and-sell agreement

English

an agreement between the owners of a business that they will buy the shares owned in their business by a particular business investor if that investor dies or no longer wants to keep the shares

The second policy is a buy and sell agreement - that is, if Mrs Smith were to die, the policy would pay out the business and Christo Bornman would be obliged to buy her shares. This money would go to her estate.