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 Partner Buyout Agreement For Partnership In Sacramento
Category:
State:
Multi-State
County:
Sacramento
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
Description
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To buy out a business partner, take these steps: 1) Determine what you're buying, e.g. , customers, inventor, customers, intellectual property, etc.A partner buyout can be a timesensitive situation, a hard money lender like Socotra Capital is the best choice to help you quickly finance the buyout. Your Contract Lawyer can draft and review your custom partnership agreement contract. Request a customized consultation or call us today to get started. The ability to buy out a business partner largely depends on the structure of the partnership and the terms in the partnership agreement. Boyd Law has some of the most talented Sacramento partnership dispute attorneys in the state of California. IMPORTANT – Read instructions before completing this form. Once the terms of the buyout are agreed upon, you will need an agreement memorializing the understanding you and your partner have come to. Your agreement should address when a partner can or must be bought out of their partnership interest and the procedure to buy out the partner.