- Learn about the characteristics and concerns of the different parties involved in buy-sell agreements.
From Commercial Real Estate Practice Manual With Forms, Second Edition
This article sets forth the main provisions of a buy-sell agreement, the considerations that must be given to a buy-sell agreement by each party, and some problems that might arise. The buy-sell agreement is referred to sometimes as a “take-out agreement,” a “tri-party agreement,” a “tri-partite agreement,” a “coordinated mortgage funding agreement,” or a “mortgage take-out agreement” (MOTO). For the purposes of this article, the buy-sell agreement shall be referred to as the Agreement.