No Sell Buy Sell Agreement

No Sell Buy Sell AgreementNo Sell Buy Sell Agreement is similar to other agreements in that the control of the business and voting interest passes to the surviving owners. It differs in that the nonvoting interest in the business remains with the deceased owner’s family or estate. This type of agreement is used when the owners want their heirs to benefit from future appreciation in the company, but they don’t want heirs to have any voting rights or to be able to take control of the business after death.