an arrangement – entered into between owners of a shared business – providing for the disposition of the respective interest of each in the event one-or-more owners withdraws [from the business at some future time]. Under such an agreement, the withdrawing owner agrees to sell – and the remaining owner(s) agree to buy – his/her proportionate share of the business [upon his/her departure] for a predetermined price. The price is fixed – either as to the (a) amount; or (b) the method of computing that amount (at the time the agreement is entered into).
