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LSDefine

Simple English definitions for legal terms

buyout agreement

Read a random definition: rights offering

A quick definition of buyout agreement:

A buyout agreement is a contract that says one person or group can buy something from another person or group in a specific situation. This can happen in different situations, like when people own a business together and one person wants to leave. They agree that the other people can buy their part of the business for a certain amount of money. It can also happen when someone wants to stop renting a place or when people own property together.

A more thorough explanation:

A buyout agreement, also known as a buy-sell agreement, is a legal contract that allows one party to buy the share, assets, or rights of another party under specific circumstances. These agreements can be standalone contracts or part of larger agreements and can arise in various contexts.

One common context for buyout agreements is in partnership and corporate ownership. For example, if three doctors form a joint practice, they may agree to a buyout agreement that allows the remaining doctors to buy a retiring doctor's ownership for a specified price, such as $1,000,000.

Buyout agreements can also arise in other forms, such as a landlord paying a tenant to withdraw from a lease or buying a joint owner's share of property.

These examples illustrate how buyout agreements work by providing a legal framework for parties to buy or sell ownership or rights under specific circumstances. They can help ensure a smooth transition of ownership and protect the interests of all parties involved.

buyer | bylaw

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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