Dictionary of Business Terms: buy-back agreement
buy-back agreement
provision in a contract under which the seller agrees to repurchase the property at a stated price upon the occurrence of a specified event within a certain period of time. For example, a buy-back agreement in a sales contract may require the builder-seller to buy the property back if the buyer-occupant is transferred by his company within six months.
Dictionary of Real Estate Terms: buy-back agreement
buy-back agreement
a provision in a contract under which the seller agrees to repurchase the property at a stated price upon the occurrence of a specified event within a certain period of time.
Example: The buy-back agreement in the sales contract requires the builder-seller to buy the property back if Collins, the buyer-occupant, is transferred by her company within 6 months.
