This form is an Asset Purchase Agreement. The buyer agrees to purchase from the seller certain assets which are listed in the agreement. The form also provides a listing of certain assets which will be excluded from the sale. The form must be signed in the presence of a notary public.
Business Buyout Agreement With Partner In Illinois
Category:
State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
Buying out a business partner is a complicated process. Partner buyouts occur when one partner wishes to exit the business and sell their ownership interest to the remaining partners.A buy sell agreement is a legally binding agreement between business partners that explains the process of events after a partner leaves the business. Find financing for your buyout; Draw up a buyout agreement. Filling out the required paperwork puts the cap on a successful buyout process.