Sole Proprietorship Buy-Sell Agreement

Use this template to prepare a Buy-Sell Agreement between the owner of a sole proprietorship and an employee who wants to purchase the business upon the death of the owner, as both parties want to ensure that the business continues on.

On the death of the proprietor, the executor or administrator of the estate will sell the business to the employee.
The employee will finance the purchase through proceeds of a life insurance policy on the life of the proprietor.
The purchase will include all real property, accounts receivable and other assets of the business.
The parties will jointly determine the value of the business at the end of each fiscal year.

The Sole Proprietorship Buy-Sell Agreement is available in MS Word format, and is not specific to any country or region.