You should consider a buy-back agreement if: The principles of the notarial deed are: that there is: a deed of the notary and not of the parties mentioned in the document-a record of a fact, event or transaction-in the form of a document, regardless of the form of the underlying document, fact, event or transactionThe purpose of the notarial law This practice note provides guidance on the rights to “use and occupation” or benefits of Mesne , and how and when double rental or dual value can be invoked. Use and occupancy rightsA right to use and occupation is possible if there is an occupation of land without explicit agreement setting out the sale form A, indicating who may or may not purchase the shares of the abandoned or deceased owner, how the shares can determine and the events that will lead to the entry into force of the sale contract. A buyout contract or buy-back contract is a legal contract that describes what happens when a co-owner or partner exists in a business, dies or wants or has to leave the business. Where a transfer agreement is silent, the common law and equity apply to the ability of the parties to transfer or process their rights and obligations arising from the contract. Overall, the general rule is that in the absence of an express or tacit provision, the parties may freely transfer the benefit of an agreement (but not the burden of the charge) to third parties, declare confidence in their rights to a third party or a mortgage, or charge their rights under the agreement. Note that the confidentiality obligations of this clause are not reciprocal. If the buyer has received confidential information about the seller, the seller should consider reconstituting the confidentiality obligations. A buy-and-sell contract is a contract that is entered into to protect a business if something happens to one of the owners. The agreement, also known as a buyout, defines what happens to a company`s actions in the event of an unforeseen event. The agreement also includes restrictions on how owners can sell or transfer shares in the business. The contract should allow for better control and management of a business. Section 3.1 also includes payment mechanics and defines how the buyer must meet his cash payment obligations to the seller. These details must be taken into account as long as the agreement provides that the buyer pays the consideration in cash.