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The World Law Dictionary Project

English may be the common language of the world, but the Common Law is not the common law of the world

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e.g. principle, consideration, jurisdiction
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buy-and-sell agreement


an agreement between the owners of a business that they will buy the shares owned in their business by a particular business investor if that investor dies or no longer wants to keep the shares
The second policy is a buy and sell agreement – that is, if Mrs Smith were to die, the policy would pay out the business and Christo Bornman would be obliged to buy her shares. This money would go to her estate.

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jurisdiction consideration principal

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