Examlex
In the Text Pane, the bottom portion has the text that will appear in the SmartArt graphic.
Option Agreement
A share transfer restriction granting a corporation or its shareholders an option to buy a selling shareholder’s shares at a price determined by the agreement.
Buy-and-Sell Agreement
a legally binding agreement between co-owners that outlines what will happen to an owner’s share of the business if they depart the business due to death or any other reason.
De Facto Corporation
A business that operates as if it were a corporation although it has not completed the formalities required for legal incorporation.
Organization Meeting
An initial meeting held to complete the formation of an entity, where bylaws are adopted, officers elected, and other organizational matters decided.
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