Document background
The Buy Sell Agreement Between Business Partners is a crucial document for businesses operating in Singapore, designed to protect all stakeholders during ownership transitions. It addresses various scenarios such as partner retirement, death, disability, or voluntary departure, providing clear mechanisms for business valuation and ownership transfer. This agreement is particularly important in the Singapore business context, where it must comply with local corporate laws and regulations, including the Companies Act 1967 and relevant ACRA requirements. It typically includes provisions for determining purchase price, payment terms, transfer procedures, and may incorporate insurance funding mechanisms.
