Cross Option Agreements

In the event of the death of a business director, the estate owned by the deceased, can be sold to the surviving director(s) if a Cross Option Agreement is arranged.

This is a necessary provision if you wish to protect the future of a business you have worked to build. Without careful, objective planning, a business can fail and the rewards that the business gives to the family, taken away.

Cross Option Agreements can also benefit a company that has a director who through permanent disablement, bankruptcy or retirement leaves the company. In this event, the Agreement will ensure that the continuing director[s] takes control and that the leaving partner, or his or her dependants, are afforded protection and receive full value for their business interests.