What is a No-Sell Buy / Sell Agreement
As fate would have it, the younger brother died of cancer 18 months after the agreement was put into place
. The older brothers went on to work in the business for another 15 years. The business was worth approximately $2 million at the time of the death of the youngest brother; when the surviving brothers sold the business 15 years later, the sale price was $15 million. The deceased brother's family received about $5 million as their portion of the sale proceeds. The no-sell buy/sell worked well in this case, especially.What is a No-Sell Buy / Sell Agreement
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