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A redemption agreement sometimes called a stock redemption agreement, is a legally binding agreement between shareholders of a company. It allows parties to specify the terms in which they may buy, sell, or transfer shares of a company. These agreements may include partners, shareholders, or LLC members. Redemption Agreement: Definition & Sample Contracts Counsel ? redemption-agree... Contracts Counsel ? redemption-agree...
Another common type of buy-sell agreement is the ?stock redemption? agreement. This is an agreement between shareholders in a company that states when a shareholder leaves the business, whether it be due to retirement, disability, death, or other reason, the departing members shares will be bought by the company.
Redemption Notice means a notice in a form approved by the Company by which a holder of Public Shares is entitled to require the Company to redeem its Public Shares, subject to any conditions contained therein.
A membership interest redemption agreement, or MERA, is a legal document that allows a business to purchase the ownership interest of another company.