1. BUY–SELL AGREEMENT(1).
2. A partnership insurance plan in which each partner individually buys and maintains enough insurance on the life or lives of other partners to purchase a deceased or expelled partner’s equity.
1. BUY–SELL AGREEMENT(1).
2. A partnership insurance plan in which each partner individually buys and maintains enough insurance on the life or lives of other partners to purchase a deceased or expelled partner’s equity.