Travis Texas Acuerdo de compra-venta de sociedad que fija el valor y requiere la venta por parte del patrimonio del socio fallecido al sobreviviente - Partnership Buy-Sell Agreement Fixing Value and Requiring Sale by Estate of Deceased Partner to Survivor

• Category: Alianzas - Compra-Venta
• State: Multi-State
• County: Travis
• Control #: US-13269BG
• Format: Word

Description

The terms "dissolution" and "termination" are generally differentiated in that a dissolution is the point where Partners cease operating as a Partnership, and termination is an event occurring after all affairs of the Partnership have been completed. Travis Texas Partnership Buy-Sell Agreement Fixing Value and Requiring Sale by Estate of Deceased Partner to Survivor is a legally binding agreement that is commonly utilized in partnership agreements in Travis County, Texas. This agreement defines the process of handling a partnership interest in the event of a partner's death. The purpose of this agreement is to ensure a smooth transition of the deceased partner's ownership in the partnership to the surviving partner(s). It provides clarity and protects the interests of both parties involved. Here are some specific types of Travis Texas Partnership Buy-Sell Agreement Fixing Value and Requiring Sale by Estate of Deceased Partner to Survivor: 1. Fixed Value Agreement: This type of agreement sets a predetermined value for the deceased partner's interest in the partnership. The buy-sell agreement states that upon the death of a partner, the estate of the deceased partner is required to sell the partnership interest to the surviving partner(s) at this predetermined value. This ensures a fair and transparent valuation process for the deceased partner's share. 2. Appraisal Agreement: In this variation of the agreement, instead of fixing a specific value for the partnership interest, the buy-sell agreement requires an independent appraisal of the deceased partner's interest. The estate of the deceased partner is then obligated to sell the interest to the surviving partner(s) at the appraised value. 3. Cross-Purchase Agreement: This type of agreement involves multiple partners. When a partner dies, the surviving partner(s) agree to purchase the deceased partner's interest in the partnership. The value of the deceased partner's interest may be fixed or determined through appraisal, as mentioned above. This arrangement allows the surviving partner(s) to maintain control and ownership of the partnership. 4. Entity Purchase Agreement: Unlike the cross-purchase agreement, this type involves the partnership itself purchasing the deceased partner's interest. The partnership agreement will allocate funds from the partnership, usually through life insurance policies, to buy out the deceased partner's interest from their estate. This ensures that the partnership remains intact and the surviving partner(s) have full control. In conclusion, the Travis Texas Partnership Buy-Sell Agreement Fixing Value and Requiring Sale by Estate of Deceased Partner to Survivor is a crucial document that provides a clear process for handling a partner's death in a partnership. With various types of agreements available, it allows for flexibility in determining the value and transfer of the deceased partner's interest to the surviving partner(s).

Travis Texas Partnership Buy-Sell Agreement Fixing Value and Requiring Sale by Estate of Deceased Partner to Survivor is a legally binding agreement that is commonly utilized in partnership agreements in Travis County, Texas. This agreement defines the process of handling a partnership interest in the event of a partner's death. The purpose of this agreement is to ensure a smooth transition of the deceased partner's ownership in the partnership to the surviving partner(s). It provides clarity and protects the interests of both parties involved. Here are some specific types of Travis Texas Partnership Buy-Sell Agreement Fixing Value and Requiring Sale by Estate of Deceased Partner to Survivor: 1. Fixed Value Agreement: This type of agreement sets a predetermined value for the deceased partner's interest in the partnership. The buy-sell agreement states that upon the death of a partner, the estate of the deceased partner is required to sell the partnership interest to the surviving partner(s) at this predetermined value. This ensures a fair and transparent valuation process for the deceased partner's share. 2. Appraisal Agreement: In this variation of the agreement, instead of fixing a specific value for the partnership interest, the buy-sell agreement requires an independent appraisal of the deceased partner's interest. The estate of the deceased partner is then obligated to sell the interest to the surviving partner(s) at the appraised value. 3. Cross-Purchase Agreement: This type of agreement involves multiple partners. When a partner dies, the surviving partner(s) agree to purchase the deceased partner's interest in the partnership. The value of the deceased partner's interest may be fixed or determined through appraisal, as mentioned above. This arrangement allows the surviving partner(s) to maintain control and ownership of the partnership. 4. Entity Purchase Agreement: Unlike the cross-purchase agreement, this type involves the partnership itself purchasing the deceased partner's interest. The partnership agreement will allocate funds from the partnership, usually through life insurance policies, to buy out the deceased partner's interest from their estate. This ensures that the partnership remains intact and the surviving partner(s) have full control. In conclusion, the Travis Texas Partnership Buy-Sell Agreement Fixing Value and Requiring Sale by Estate of Deceased Partner to Survivor is a crucial document that provides a clear process for handling a partner's death in a partnership. With various types of agreements available, it allows for flexibility in determining the value and transfer of the deceased partner's interest to the surviving partner(s).

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.