cross-purchase agreement

简明释义

交叉购买协议

英英释义

例句

1.In their cross-purchase agreement, each partner agreed to buy the deceased partner's share at a predetermined price.

在他们的交叉购买协议中，每位合伙人同意以预定价格购买已故合伙人的股份。

2.The partners decided to establish a cross-purchase agreement to facilitate the transfer of ownership in case one of them passes away.

合作伙伴们决定建立一个交叉购买协议，以便在其中一位去世时促进所有权的转移。

3.A well-drafted cross-purchase agreement can prevent disputes among partners during difficult times.

一份精心起草的交叉购买协议可以防止在困难时期合伙人之间产生争议。

4.The cross-purchase agreement was essential for ensuring that the business would remain intact after the owner retired.

这份交叉购买协议对确保业务在老板退休后保持完整至关重要。

5.They included a clause in the cross-purchase agreement that allowed for periodic valuations of the business.

他们在交叉购买协议中加入了一项条款，允许定期评估业务价值。

作文

In the world of business and partnerships, there are various agreements that help facilitate smooth operations and ensure that all parties involved are protected. One such agreement is the cross-purchase agreement, which plays a crucial role in partnership dynamics, especially when it comes to ownership transfer upon certain triggering events. A cross-purchase agreement is essentially a legal contract between partners in a business that outlines how the ownership interests will be handled if one of the partners dies, becomes disabled, or decides to leave the business. This type of agreement is particularly beneficial for small businesses where each partner has a significant stake in the company.The primary purpose of a cross-purchase agreement is to provide a clear plan for the remaining partners on how to buy out the departing partner's share without causing disruption to the business. For instance, if Partner A passes away, Partner B and Partner C would have the option to purchase Partner A’s shares at a predetermined price. This arrangement not only ensures that the deceased partner's family receives fair compensation for their shares but also allows the remaining partners to maintain control over the business without having an outsider enter the partnership.Moreover, a cross-purchase agreement can help prevent conflicts among the surviving partners and the family of the deceased partner. By having a legally binding document in place, all parties understand their rights and obligations, thereby reducing the potential for disputes. It also helps to ensure that the business remains stable and continues to operate smoothly during a potentially tumultuous time.Another key aspect of a cross-purchase agreement is its flexibility in terms of funding. Partners can fund the buyout through various means, including life insurance policies. For example, each partner may take out a life insurance policy on the others, which provides the necessary funds to buy out the deceased partner’s share when the time comes. This strategy not only secures the financial future of the remaining partners but also alleviates the burden of having to come up with a large sum of money in a short period.In conclusion, a cross-purchase agreement is an essential tool for business partners who want to ensure a smooth transition of ownership in the event of unforeseen circumstances. It provides clarity, reduces conflict, and offers a structured approach to handling sensitive situations. For any partnership, having such an agreement in place is a wise decision that can protect both the business and its owners. Therefore, it is advisable for partners to consult with legal professionals to draft a comprehensive cross-purchase agreement tailored to their specific needs and circumstances, ensuring that they are well-prepared for any eventuality that may arise in the future.

在商业和合作伙伴关系的世界中，有各种协议有助于促进顺利的运营并确保所有参与方受到保护。其中一个协议是交叉购买协议，它在合作伙伴关系动态中发挥着至关重要的作用，尤其是在涉及某些触发事件时的所有权转移。交叉购买协议本质上是一种法律合同，规定了在合作伙伴去世、残疾或决定离开业务时，合作伙伴之间的所有权利益将如何处理。这种类型的协议对小型企业特别有利，因为每个合作伙伴在公司中都有重要的股份。交叉购买协议的主要目的是为剩余的合作伙伴提供明确的计划，以便在离开的合作伙伴的股份被收购时，不会对业务造成干扰。例如，如果合作伙伴A去世，合作伙伴B和合作伙伴C将有机会以预定价格购买合作伙伴A的股份。这种安排不仅确保了死者的家庭获得公平的股份补偿，还允许剩余的合作伙伴在没有外部人士进入合作关系的情况下保持对业务的控制。此外，交叉购买协议可以帮助防止幸存的合作伙伴与死者合作伙伴的家庭之间的冲突。通过拥有一份具有法律约束力的文件，各方了解自己的权利和义务，从而减少争端的可能性。它还帮助确保企业保持稳定，并在潜在动荡时期继续顺利运营。交叉购买协议的另一个关键方面是其在资金方面的灵活性。合作伙伴可以通过各种方式为收购提供资金，包括人寿保险政策。例如，每个合作伙伴可以为其他人投保人寿保险，这在需要时提供购买已故合作伙伴股份所需的资金。这种策略不仅确保了剩余合作伙伴的财务未来，而且减轻了在短时间内筹集大笔资金的负担。总之，交叉购买协议是商业合作伙伴确保在不可预见情况下所有权平稳过渡的重要工具。它提供了清晰性，减少了冲突，并为处理敏感情况提供了结构化的方法。因此，对于任何伙伴关系来说，制定这样的协议是一个明智的决定，可以保护企业及其所有者。因此，建议合作伙伴咨询法律专业人士，以起草一份全面的交叉购买协议，根据他们的具体需求和情况量身定制，确保他们为未来可能出现的任何情况做好充分准备。