Chris MercerHow to Avoid Problems with the Definition of “Disability” in Buy-Sell Agreements – Chris Mercer https://chrismercer.net Useful Business Valuation Information and Insights for Attorneys Fri, 10 Apr 2026 18:00:58 +0000 en-US hourly 1 https://i0.wp.com/chrismercer.net/content/uploads/2016/08/zcm-browser-logo.png?fit=32%2C32&ssl=1 How to Avoid Problems with the Definition of “Disability” in Buy-Sell Agreements – Chris Mercer https://chrismercer.net 32 32 55060132 How to Avoid Problems with the Definition of “Disability” in Buy-Sell Agreements https://chrismercer.net/how-to-avoid-problems-with-the-definition-of-disability-in-buy-sell-agreements/ https://chrismercer.net/how-to-avoid-problems-with-the-definition-of-disability-in-buy-sell-agreements/#respond Mon, 02 Apr 2018 19:27:20 +0000 Chris Mercer https://chrismercer.net/?p=9046 A Valuation/Business Lesson on Video

Disability is one of the common “trigger events” that give rise to the operation of buy-sell agreements.  If an owner becomes disabled, the other owners (or the company) may have the right to acquire the disabled owner’s shares or interests.

This raises the question: What is meant by the term “disability?”

In the following video, I briefly address the definition of disability in a real buy-sell agreement, explain why it will not work if there is a trigger event, and offer an objective suggestion to avoid problems with the definition.

Be well,

Chris

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