Understanding Cross-Purchase Agreements.

A cross-purchase agreement is an arrangement between business owners whereby each agrees to buy the others’ share of the business in the event of their death. This type of arrangement is often put in place in order to avoid the business being sold to a third party or liquidated in the event of the death … Read more

Cash Transaction.

A cash transaction is a type of financial transaction in which cash is exchanged between two parties. The most common type of cash transaction is a purchase or sale of goods or services for cash. Other types of cash transactions include loans, investments, and donations. In a cash transaction, the buyer and seller exchange cash … Read more