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buyback agreement |
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buyback agreement A provision in a contract requiring the seller to buy the property back for a stated price if certain conditions are met within a specified period of time.One wishing to purchase an existing automobile dealership may purchase the land first,with a buyback agreement requiring seller repurchase if the purchaser is unable to obtain manufacturer approval for transfer of the dealership itself. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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