Buy-back Agreement
Buy-back Agreement means:
a provision in a contract under which the seller of property agrees to repurchase it at a stated price upon the occurrence of a specified event within a certain period of time.
Example of Buy-back Agreement:
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A buy-back agreement in the sales contract requires the builder-seller to buy a condominium back if the buyer-occupant is transferred by her company to another city within 6 months.
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