A put agreement is a contract giving an investor the right to sell an asset or ownership stake back to another party at a predetermined price within a specified period.
A put agreement is a clause that lets one party force the other party to buy their shares (or asset) later, at a set price or a pricing formula.
It is commonly used in shareholder and investment agreements to give an investor or partner a clear exit option if a trigger happens (deadlock, default, missed targets, no exit by a date).