subject: What is a No-Sell Buy / Sell Agreement [print this page] 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
By: Irving Katz
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