What does buy back agreement mean?

buy back agreement meaning in Law Dictionary

contract between a purchaser and merchant when the supplier agrees to repurchase the house from the buyer if a particular event takes place within a specified time frame. The buy-back pricing is frequently set out when you look at the arrangement.


buy back agreement meaning in Business Dictionary

A provision in a contract where in fact the seller agrees to repurchase the house at a stated cost if a specified occasion does occur. For instance, a builder could possibly be necessary to purchase back a retail property at a certain price if specific sales thresholds are not fulfilled.