Document background
This Buy-Sell Agreement Cross Purchase is essential for privately-held companies operating under Dutch law who wish to maintain control over company ownership and ensure smooth transition of shares between shareholders. It becomes particularly relevant when shareholders want to establish clear procedures for share transfers triggered by specific events such as death, disability, retirement, or voluntary departure. The agreement supports business continuity by preventing shares from being transferred to unwanted third parties and providing a clear mechanism for existing shareholders to purchase shares from departing shareholders. By including specific valuation methods, payment terms, and transfer procedures, it helps prevent potential disputes and ensures compliance with Dutch corporate law requirements. This type of agreement is particularly crucial for family businesses, professional practices, and closely-held corporations where maintaining control over ownership is paramount.
