Maryland Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al

• Category: Corporations - Public - Purchase
• State: Multi-State
• Control #: US-EG-9054
• Format: Word; Rich Text

Description

Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.Com, Scot Robinson and Michael Barlow dated December 8, 1999. 34 pages Maryland Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al. I. Introduction The Maryland Sample Partnership Interest Purchase Agreement serves as a legal document detailing the transfer of partnership interests between parties involved. This agreement specifically involves the transfer of partnership interests between Franklin Covey Company and Daytracker.com, along with any other entities (et al.) involved in the agreement. II. Parties Involved The agreement encompasses two main parties: 1. Franklin Covey Company: A renowned organization specializing in leadership development, productivity tools, and business training solutions. 2. Daytracker.com: A technology-based company providing comprehensive daily planning software and digital organizational tools. III. Scope of Agreement The Maryland Sample Partnership Interest Purchase Agreement outlines the terms and conditions regarding the transfer of partnership interests from Franklin Covey Company to Daytracker.com, defining the rights and responsibilities of both parties involved. It encompasses various clauses essential to facilitating a smooth transition, such as: 1. Background Information: This section provides a brief overview of the participating entities, highlighting their respective expertise and roles in the partnership. 2. Definitions: This portion defines key terms used throughout the agreement to ensure a clear understanding between the involved parties. 3. Purchase and Sale of Partnership Interests: Details the agreed-upon terms, including the price, payment terms, and specific date of transfer for the partnership interests. 4. Representations and Warranties: Lists the statements and assurances made by both Franklin Covey Company and Daytracker.com regarding their authority and capacity to enter into the agreement, as well as the accuracy of the provided information. 5. Conditions Precedent: Outlines the conditions that must be met before the agreement becomes effective, such as regulatory approvals, due diligence, and third-party consents. 6. Indemnification: Specifies the circumstances in which each party is liable for any losses, damages, or claims arising from the partnership interest transfer. 7. Governing Law and Jurisdiction: Identifies the applicable laws, courts, and jurisdiction in the event of disputes or conflicts. 8. Confidentiality: Addresses the confidentiality of any shared proprietary or sensitive information during or after the agreement. 9. Termination: Describes the conditions under which the agreement may be terminated or modified by mutual consent or other circumstances. 10. Miscellaneous: Covers various additional provisions, including notices, amendments, waivers, and binding effect. Type of Maryland Sample Partnership Interest Purchase Agreements: 1. Maryland Sample Partnership Interest Purchase Agreement for Transfer of Majority Interest 2. Maryland Sample Partnership Interest Purchase Agreement for Transfer of Minority Interest 3. Maryland Sample Partnership Interest Purchase Agreement for Partial Interest Transfer 4. Maryland Sample Partnership Interest Purchase Agreement for Complete Interest Transfer In conclusion, the Maryland Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al., governs the intricate details of transferring partnership interests. It serves as a legally binding document, outlining the obligations, rights, and responsibilities of the involved parties, ensuring a seamless and well-regulated transition of ownership.

Maryland Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al. I. Introduction The Maryland Sample Partnership Interest Purchase Agreement serves as a legal document detailing the transfer of partnership interests between parties involved. This agreement specifically involves the transfer of partnership interests between Franklin Covey Company and Daytracker.com, along with any other entities (et al.) involved in the agreement. II. Parties Involved The agreement encompasses two main parties: 1. Franklin Covey Company: A renowned organization specializing in leadership development, productivity tools, and business training solutions. 2. Daytracker.com: A technology-based company providing comprehensive daily planning software and digital organizational tools. III. Scope of Agreement The Maryland Sample Partnership Interest Purchase Agreement outlines the terms and conditions regarding the transfer of partnership interests from Franklin Covey Company to Daytracker.com, defining the rights and responsibilities of both parties involved. It encompasses various clauses essential to facilitating a smooth transition, such as: 1. Background Information: This section provides a brief overview of the participating entities, highlighting their respective expertise and roles in the partnership. 2. Definitions: This portion defines key terms used throughout the agreement to ensure a clear understanding between the involved parties. 3. Purchase and Sale of Partnership Interests: Details the agreed-upon terms, including the price, payment terms, and specific date of transfer for the partnership interests. 4. Representations and Warranties: Lists the statements and assurances made by both Franklin Covey Company and Daytracker.com regarding their authority and capacity to enter into the agreement, as well as the accuracy of the provided information. 5. Conditions Precedent: Outlines the conditions that must be met before the agreement becomes effective, such as regulatory approvals, due diligence, and third-party consents. 6. Indemnification: Specifies the circumstances in which each party is liable for any losses, damages, or claims arising from the partnership interest transfer. 7. Governing Law and Jurisdiction: Identifies the applicable laws, courts, and jurisdiction in the event of disputes or conflicts. 8. Confidentiality: Addresses the confidentiality of any shared proprietary or sensitive information during or after the agreement. 9. Termination: Describes the conditions under which the agreement may be terminated or modified by mutual consent or other circumstances. 10. Miscellaneous: Covers various additional provisions, including notices, amendments, waivers, and binding effect. Type of Maryland Sample Partnership Interest Purchase Agreements: 1. Maryland Sample Partnership Interest Purchase Agreement for Transfer of Majority Interest 2. Maryland Sample Partnership Interest Purchase Agreement for Transfer of Minority Interest 3. Maryland Sample Partnership Interest Purchase Agreement for Partial Interest Transfer 4. Maryland Sample Partnership Interest Purchase Agreement for Complete Interest Transfer In conclusion, the Maryland Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al., governs the intricate details of transferring partnership interests. It serves as a legally binding document, outlining the obligations, rights, and responsibilities of the involved parties, ensuring a seamless and well-regulated transition of ownership.