Vet Manager Exam Prep

Category - CVPM

What document is a legal agreement describing and defining the events causing a partner or shareholder to sell his/her interest in a veterinary hospital, and the terms for resolving other interests and ownerships?
  1. Shareholder Buyout Agreement
  2. Buy-Sell Agreement
  3. Stock liquidation Agreement
  4. Partner Dissolution Agreement
Explanation
Answer: B-A Buy-Sell Agreement is a legal agreement describing and defining the events causing a partner or shareholder to sell his/her interest in a veterinary hospital, and the terms for resolving other interests and ownerships.
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