Buy-Out Payment Law and Legal Definition
Buy-Out Payment is a compensation that a participant who withdraws from an already active Cost Contribution Arrangements (CCA) may receive from the remaining participants for an effective transfer of its interests in the results of past CCA activities. A CCA is a framework agreed among business enterprises to share the costs and risks of developing, producing or obtaining assets, services, or rights, and to determine the nature and extent of the interests of each participant in those assets, services, or rights.
