What Does Disability Buy-Sell Agreement Mean?

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What does Disability Buy-Sell Agreement mean? Read on to discover the definition & meaning of the term Disability Buy-Sell Agreement - to help you better understand the language used in insurance policies.

Disability Buy-Sell Agreement

Disability Buy-Sell Agreement

An agreement between business co-owners that provides that shares owned by any one of them who becomes disabled shall be sold to and purchased by the other co-owners or by the business using funds from disability income insurance.

We hope the you have a better understanding of the meaning of Disability Buy-Sell Agreement.

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