With this Buy-Sell Agreement Package, you will find the forms that are necessary for a future sale of a partner’s or shareholder's interest. In a buy-sell agreement, the party contractually limits his or her ability to dispose of his or her interest in the partnership or corporation to the terms of the agreement, and control of the partnership or corporation may be assured.
Included in your package are the following forms:
- Buy-Sell Agreement Between Shareholders of Corp
- Buy-Sell Agreement Between Partners of Partnership
- Non-Compete Agreement Between Buyer and Seller
- Buy-Sell or Stock Purchase Agreement Covering Common Stock in a Closely Held Corporation with an Option to Fund the Purchase Through Life Insurance
- Buy-Sell Clauses and Related Material
Detailed information on forms included:
- Buy-Sell Agreement Between Shareholders of Corp. - The purpose of this agreement is to provide for the sale by a stockholder during his/her lifetime, or by a deceased stockholder's estate, and to provide all or a substantial part of the funds for the purchase. The form contains the following provisions: total value of the capital stock, procedure upon the death of a stockholder, and amending procedures for the agreement.
- Buy-Sell Agreement Between Partners of Partnership - This form is an agreement in which the partners are engaged in a particular business and the purpose of this agreement is to provide for the sale by a partner during a partner's lifetime, or by a deceased partner's estate, of his interest in the partnership, and for the purchase of such interest by the partnership at a price fairly established, and to provide all or a substantial part of the funds for the purchase.
- Non-Compete Agreement Between Buyer and Seller- In this form, the seller and purchaser agree not to compete with each other in the specified industry and territory for a certain time period. The form is designed to be adapted to fit your particular needs.
- Buy-Sell Clauses and Related Material - This form is a model adaptable for use in partnership matters, based on an example clause used by a 50-50 general partnership or limited liability company joint venture. Buy-sell device includes an auction procedure. Adapt the form to your specific needs and fill in the information.
- Buy-Sell or Stock Purchase Agreement Covering Common Stock in a Closely Held Corporation with an Option to Fund the Purchase Through Life Insurance- This form is set up as a Buy Sell Agreement between the Corporation and a key shareholder. It applies in the case of the death, disability, retirement or offer of shareholder to sell the stock during his lifetime.
Tempe, Arizona Buy Sell Agreement Package: A Complete Guide A Tempe, Arizona Buy Sell Agreement Package refers to a comprehensive set of legal documents and agreements designed to facilitate the smooth transfer of ownership interests in a company or business located in Tempe, Arizona. These agreements are crucial for individuals or entities involved in buying or selling businesses in the area, ensuring a well-defined framework for a seamless transaction. The Tempe, Arizona Buy Sell Agreement Package includes various key documents, each serving a specific purpose to cover crucial aspects of the buying and selling process. These documents can vary depending on the specific requirements of the parties involved, but commonly include: 1. Purchase Agreement: This agreement outlines the terms and conditions of the business sale, including the purchase price, payment terms, any warranties, and representations made by the seller, and various other provisions to protect the interests of both parties. 2. Confidentiality Agreements: Also known as non-disclosure agreements (NDA), these documents are crafted to protect the sensitive information and trade secrets of the business being sold, ensuring that potential buyers do not disclose or misuse the disclosed information during the negotiation process. 3. Due Diligence Checklist: A detailed checklist outlining the documents and information required for the buyer to perform due diligence on the business being sold. This includes financial statements, legal documents, contracts, tax records, and any other relevant information enabling the buyer to assess the business's value and potential risks. 4. Non-Compete Agreement: This agreement restricts the seller from engaging in a similar business in the same geographic area for a specified period. It safeguards the buyer from the competition posed by the seller, ensuring that the buyer can benefit fully from the acquired business. 5. Promissory Note: In cases where the buyer agrees to pay the purchase price in installments, this agreement establishes the terms of the payment schedule, including interest rates, collateral, and consequences of default. 6. Bill of Sale: A legal document that transfers the ownership rights of the business from the seller to the buyer, providing an official record of the transaction. Tempe, Arizona Buy Sell Agreement Packages may vary based on the specific nature of the transaction and the type of business being sold. For instance, there can be specialized packages tailored for the sale of partnerships, corporations, limited liability companies (LLC), or sole proprietorship. Each package will contain documentation and agreements specifically designed to address the unique requirements and considerations associated with different legal entities. In conclusion, a Tempe, Arizona Buy Sell Agreement Package comprises a collection of vital legal documents and agreements necessary to facilitate a successful business sale transaction in the Tempe area. These packages ensure a fair and legally sound transfer of ownership interests while protecting the rights and interests of both buyers and sellers.
