San Bernardino California Acuerdo de compra-venta de sociedad que fija el valor y requiere la venta por parte del patrimonio de la pareja fallecida al sobreviviente en una sociedad de dos personas en la que cada socio posee el 50 % de la sociedad - Partnership Buy-Sell Agreement Fixing Value and Requiring Sale by Estate of Deceased Partner to Survivor in Two Person Partnership with Each Partner Owning 50% of Partnership

• Category: Alianzas - Compra-Venta
• State: Multi-State
• County: San Bernardino
• Control #: US-13273BG
• Format: Word

Description

A buy-sell agreement is a legally binding contract that stipulates how a partner's share of a business is dealt if that partner dies or otherwise leaves the business. Most often, the buy and sell agreement stipulates that the available share be sold to the remaining partners or to the partnership. San Bernardino California Partnership Buy-Sell Agreement Fixing Value and Requiring Sale by Estate of Deceased Partner to Survivor in Two Person Partnership with Each Partner Owning 50% of Partnership is a legal arrangement that outlines the terms and conditions for the transfer of partnership interests in the event of a partner's death. This agreement is specifically designed for partnerships in San Bernardino, California, and aims to ensure a smooth transition and continuity of the partnership's operations. Keywords: San Bernardino, California, Partnership Buy-Sell Agreement, Fixing Value, Requiring Sale, Estate of Deceased Partner, Survivor, Two Person Partnership, Each Partner Owning 50% of Partnership. Types of San Bernardino California Partnership Buy-Sell Agreement Fixing Value and Requiring Sale by Estate of Deceased Partner to Survivor in Two Person Partnership with Each Partner Owning 50% of Partnership: 1. Fixed Value Agreement: This type of agreement establishes a predetermined value for the partnership interest, which is binding upon the parties involved. In the event of a partner's death, the deceased partner's estate is obligated to sell their interest to the surviving partner at the fixed value. 2. Appraisal Agreement: In this type of agreement, the value of the partnership interest is determined by an independent appraiser agreed upon by both partners. The estate of the deceased partner is then required to sell their interest to the surviving partner at the appraised value. 3. Formula Agreement: A formula agreement utilizes a specific formula or method to determine the value of the partnership interest. This formula is typically based on the financial performance and assets of the partnership. When a partner passes away, their estate must sell the interest to the surviving partner as per the formula. These agreements aim to protect the interests of both partners and their respective estates in the event of a partner's death. They provide a clear framework for ensuring a fair valuation and transfer of partnership interests from the deceased partner's estate to the surviving partner. It is essential for partners to consult with legal professionals to customize the agreement based on their specific circumstances and preferences within the constraints of San Bernardino, California partnership laws.

San Bernardino California Partnership Buy-Sell Agreement Fixing Value and Requiring Sale by Estate of Deceased Partner to Survivor in Two Person Partnership with Each Partner Owning 50% of Partnership is a legal arrangement that outlines the terms and conditions for the transfer of partnership interests in the event of a partner's death. This agreement is specifically designed for partnerships in San Bernardino, California, and aims to ensure a smooth transition and continuity of the partnership's operations. Keywords: San Bernardino, California, Partnership Buy-Sell Agreement, Fixing Value, Requiring Sale, Estate of Deceased Partner, Survivor, Two Person Partnership, Each Partner Owning 50% of Partnership. Types of San Bernardino California Partnership Buy-Sell Agreement Fixing Value and Requiring Sale by Estate of Deceased Partner to Survivor in Two Person Partnership with Each Partner Owning 50% of Partnership: 1. Fixed Value Agreement: This type of agreement establishes a predetermined value for the partnership interest, which is binding upon the parties involved. In the event of a partner's death, the deceased partner's estate is obligated to sell their interest to the surviving partner at the fixed value. 2. Appraisal Agreement: In this type of agreement, the value of the partnership interest is determined by an independent appraiser agreed upon by both partners. The estate of the deceased partner is then required to sell their interest to the surviving partner at the appraised value. 3. Formula Agreement: A formula agreement utilizes a specific formula or method to determine the value of the partnership interest. This formula is typically based on the financial performance and assets of the partnership. When a partner passes away, their estate must sell the interest to the surviving partner as per the formula. These agreements aim to protect the interests of both partners and their respective estates in the event of a partner's death. They provide a clear framework for ensuring a fair valuation and transfer of partnership interests from the deceased partner's estate to the surviving partner. It is essential for partners to consult with legal professionals to customize the agreement based on their specific circumstances and preferences within the constraints of San Bernardino, California partnership laws.

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.