In return for the buyer`s serious money deposit, the seller withdraws the property from the market. At the end of the purchase, the deposit of serious money is charged to the purchase price. When the contract is terminated in accordance with the terms of the contract, the serious deposit is usually returned to the buyer. A buy-sell contract is a contract that is created to protect a business if something happens to one of the owners. Also called a buyout, the agreement determines what happens to a company`s shares in the event of an unforeseen event. This agreement also contains restrictions on how owners can sell or transfer shares in the company. The contract is written to allow better control and management of a company. A buy-sell contract form contains details about who may or may not buy the shares of the outgoing or deceased owner, how to determine the value of the shares, and what events bring the purchase-sale agreement into effect. . . .