Hybrid agreements (also called wait-and-see agreements), which usually allow the issuer first priority to buy the interest and other stockholders or partners the second-place option to buy. Such agreements can be drafted to allow both the company and the other shareholders the opportunity of waiting until after the date of death to determine which is in the better tax and liquidity condition to purchase the shares.

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Hybrid agreements also known as waitandsee agreements are contractual arrangements that provide the ... View the full answer