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.
Miami-Dade Florida Buy Sell Agreement Package is a legal document package designed to facilitate the sale and purchase of a business or its assets in Miami-Dade County, Florida. This comprehensive package helps both buyers and sellers navigate the transaction process smoothly while ensuring their interests are protected. The Buy Sell Agreement Package typically includes various essential documents required for a successful transaction, tailored to meet the specific needs of businesses operating in Miami-Dade County. Some key documents that are often included in the package are: 1. Buy-Sell Agreement: This agreement outlines the terms and conditions of the sale, including the purchase price, payment methods, and any contingencies. It also covers crucial aspects such as the assets included in the sale, liabilities, warranties, and indemnification clauses. 2. Bill of Sale: The Bill of Sale is a legal document that transfers ownership of the business or its assets from the seller to the buyer. It serves as supporting evidence for the transaction and establishes clear ownership rights. 3. Non-Disclosure Agreement (NDA): An NDA ensures that both parties maintain confidentiality and do not disclose any sensitive information related to the business during negotiations and beyond. This agreement protects trade secrets, client lists, financial data, and other proprietary information. 4. Promissory Note: In some cases, when the buyer does not provide the full purchase price upfront, a Promissory Note may be included. This document specifies details such as the amount owed, interest rates, repayment terms, and consequences for defaulting on payment. 5. Security Agreement: If the buyer is offering collateral to secure the payment, a Security Agreement outlines the terms of the collateral, its value, and the conditions under which the seller can claim it in case of default. 6. Closing Statement: The Closing Statement summarizes the financial aspects of the transaction, including the final purchase price, adjustments, prorations, and any outstanding debts assumed by the buyer. It is important to note that different types of Buy Sell Agreement Packages may exist based on the nature of the business being sold or specific industry requirements. For example, there might be distinct packages for retail businesses, real estate transactions, franchises, or partnerships. These variations ensure that the agreement package considers the unique needs and legal intricacies associated with each type of transaction. By utilizing the Miami-Dade Florida Buy Sell Agreement Package, buyers and sellers can enter into a transaction with confidence, knowing that their interests are protected and that the entire process is conducted in compliance with the applicable laws and regulations in Miami-Dade County.
