The basic operation of an insurance policy is that you pay an insurance company a monetary premium in exchange for its legal obligation to protect, hold harmless, and indemnify you within set parameters. Take a car insurance policy, for instance. You pay a set premium (the amount of which is based upon, among other things,…
Legal Articles
"Buy/Sell" Agreements
A buy/sell agreement is a must for businesses with multiple owners. Think of a buy/sell agreement as an internal contract between members, shareholders or owners of a business that spells out what happens to the shares of a departing business owner. They are designed to address and mitigate the business problems that arise when one…