North Dakota 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 North Dakota Sample Partnership Interest Purchase Agreement is a legally binding document outlining the terms and conditions of the purchase and sale of partnership interests between Franklin Covey Company, Daytracker.com, and other parties involved. This agreement is specifically tailored for transactions taking place in North Dakota, ensuring compliance with the state's laws and regulations. Key components included in this agreement may cover: 1. Parties Involved: The agreement provides a detailed introduction section including the names, addresses, and contact information of all parties involved in the transaction, such as the buyer (Franklin Covey Company), the seller (Daytracker.com), and any additional stakeholders. 2. Partnership Interests: The agreement clarifies the specific partnership interests being transferred, including the percentage or value of the interests being purchased. It may also specify any restrictions or limitations on the sale or transfer of the partnership interests. 3. Purchase Price and Payment Terms: This section outlines the agreed-upon purchase price, which may include a detailed breakdown of how the price was determined. It also specifies the payment terms, such as whether the price will be paid in a lump sum or installments, and any conditions or contingencies tied to the payment. 4. Representations and Warranties: The agreement includes representations and warranties by both the buyer and the seller, ensuring that each party accurately discloses information and has the legal authority to enter into the transaction. These representations may cover areas such as ownership, financial statements, intellectual property rights, and legal compliance. 5. Closing and Transfer of Ownership: This section details the procedures and timeline for finalizing the transaction, including the closing date, delivery of partnership interest certificates, and execution of necessary documents. It also specifies any conditions precedent to the closing, such as obtaining necessary regulatory approvals or the absence of any material adverse changes affecting the partnership. 6. Indemnification and Liability: The agreement may outline the indemnification obligations of the buyer and the seller, providing protection against any losses, damages, or liabilities arising from the transaction or any breach of the agreement's terms. Additional types or variations of North Dakota Sample Partnership Interest Purchase Agreement may include: 1. Short-Form Partnership Interest Purchase Agreement: A condensed version of the agreement suitable for simpler transactions or situations where the parties have already negotiated the key terms and only require a basic document to finalize the sale. 2. Multi-Party Partnership Interest Purchase Agreement: Applicable when there are multiple buyers or sellers involved in the transaction, this agreement addresses the specific roles, responsibilities, and interests of each party. 3. Asset Purchase Agreement with Partnership Interests: In cases where the partnership interests come bundled with the purchase of certain assets or business operations, this agreement incorporates the relevant provisions covering the transfer of assets alongside the partnership interests. It is important to consult legal professionals experienced in partnership agreements and North Dakota law to tailor the agreement to the specific transaction and parties involved, ensuring compliance and protecting the interests of all stakeholders.

North Dakota Sample Partnership Interest Purchase Agreement is a legally binding document outlining the terms and conditions of the purchase and sale of partnership interests between Franklin Covey Company, Daytracker.com, and other parties involved. This agreement is specifically tailored for transactions taking place in North Dakota, ensuring compliance with the state's laws and regulations. Key components included in this agreement may cover: 1. Parties Involved: The agreement provides a detailed introduction section including the names, addresses, and contact information of all parties involved in the transaction, such as the buyer (Franklin Covey Company), the seller (Daytracker.com), and any additional stakeholders. 2. Partnership Interests: The agreement clarifies the specific partnership interests being transferred, including the percentage or value of the interests being purchased. It may also specify any restrictions or limitations on the sale or transfer of the partnership interests. 3. Purchase Price and Payment Terms: This section outlines the agreed-upon purchase price, which may include a detailed breakdown of how the price was determined. It also specifies the payment terms, such as whether the price will be paid in a lump sum or installments, and any conditions or contingencies tied to the payment. 4. Representations and Warranties: The agreement includes representations and warranties by both the buyer and the seller, ensuring that each party accurately discloses information and has the legal authority to enter into the transaction. These representations may cover areas such as ownership, financial statements, intellectual property rights, and legal compliance. 5. Closing and Transfer of Ownership: This section details the procedures and timeline for finalizing the transaction, including the closing date, delivery of partnership interest certificates, and execution of necessary documents. It also specifies any conditions precedent to the closing, such as obtaining necessary regulatory approvals or the absence of any material adverse changes affecting the partnership. 6. Indemnification and Liability: The agreement may outline the indemnification obligations of the buyer and the seller, providing protection against any losses, damages, or liabilities arising from the transaction or any breach of the agreement's terms. Additional types or variations of North Dakota Sample Partnership Interest Purchase Agreement may include: 1. Short-Form Partnership Interest Purchase Agreement: A condensed version of the agreement suitable for simpler transactions or situations where the parties have already negotiated the key terms and only require a basic document to finalize the sale. 2. Multi-Party Partnership Interest Purchase Agreement: Applicable when there are multiple buyers or sellers involved in the transaction, this agreement addresses the specific roles, responsibilities, and interests of each party. 3. Asset Purchase Agreement with Partnership Interests: In cases where the partnership interests come bundled with the purchase of certain assets or business operations, this agreement incorporates the relevant provisions covering the transfer of assets alongside the partnership interests. It is important to consult legal professionals experienced in partnership agreements and North Dakota law to tailor the agreement to the specific transaction and parties involved, ensuring compliance and protecting the interests of all stakeholders.