Business succession
Planned transfer of management, ownership and responsibility in an existing business.
Open →Glossary
Concise terms from succession, articles and family businesses.
Transfer agreement
Contractual basis for the orderly transfer of business assets or shares.
Open →Buy out right
Right of defined persons to acquire shares after specified events.
Open →Transfer restriction
Approval requirement before shares can be validly transferred.
Open →Compensation clause
Rule on valuation and payment when a shareholder exits.
Open →Succession clause
Articles clause defining who steps into a position after death or withdrawal.
Open →