Nebraska 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 Title: Nebraska Sample Partnership Interest Purchase Agreement: A Comprehensive Overview Introduction: A Nebraska Sample Partnership Interest Purchase Agreement is a legal document that outlines the terms and conditions of a partnership interest purchase between Franklin Covey Company, Daytracker.com, and other involved parties. This detailed description aims to provide insight into the various types of such agreements that may exist. 1. Key Elements of a Nebraska Sample Partnership Interest Purchase Agreement: — Parties involved: Identifies the buyer (Franklin Covey Company) and the seller (Daytracker.com) alongside any additional parties participating in the agreement. — Recitals: States the purpose, background, and intentions of the agreement. — Purchase and Sale of Partnership Interests: Defines the specifics of the partnership interest acquisition, including the number and type of interests being purchased. — Consideration: Outlines the agreed-upon amount or manner of payment for the purchase of partnership interests. — Representations and Warranties: Lists the guarantees made by each party regarding their capacity, authority, and legality to enter into the agreement. — Closing Conditions: Describes the conditions that must be met by both parties in order to finalize the transaction. — Indemnification: Outlines the responsibilities for any losses, claims, liabilities, or damages incurred during or after the purchase. — Governing Law and Dispute Resolution: Specifies the jurisdiction and applicable law in case of disputes arising from the agreement. — Confidentiality: Enforces the confidentiality obligations of all parties involved. — Termination: Covers the circumstances under which the agreement may be terminated and the consequences thereof. 2. Types of Nebraska Sample Partnership Interest Purchase Agreements: a. Full Partnership Acquisition Agreement: This type of agreement encompasses the purchase of all partnership interests, transferring complete ownership and control of the partnership from the seller to the buyer. It involves comprehensive terms and conditions related to the acquisition. b. Partial Partnership Acquisition Agreement: In this scenario, only a specific portion or percentage of the partnership interests is being purchased. The agreement outlines the details related to the partial purchase, providing specifics on the extent of ownership being transferred. c. Merger or Consolidation Agreement: While not a direct partnership interest purchase agreement, a merger or consolidation agreement may be relevant to mention. It involves the combination of multiple partnerships or businesses into a single entity, resulting in the purchase of the partnership interests of the merging entities. Conclusion: The Nebraska Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al., is a comprehensive legal document defining the terms and conditions for the acquisition of partnership interests. This description sheds light on the key elements typically found within such agreements and also highlights various types, including full and partial partnership acquisitions, as well as merger or consolidation agreements.

Title: Nebraska Sample Partnership Interest Purchase Agreement: A Comprehensive Overview Introduction: A Nebraska Sample Partnership Interest Purchase Agreement is a legal document that outlines the terms and conditions of a partnership interest purchase between Franklin Covey Company, Daytracker.com, and other involved parties. This detailed description aims to provide insight into the various types of such agreements that may exist. 1. Key Elements of a Nebraska Sample Partnership Interest Purchase Agreement: — Parties involved: Identifies the buyer (Franklin Covey Company) and the seller (Daytracker.com) alongside any additional parties participating in the agreement. — Recitals: States the purpose, background, and intentions of the agreement. — Purchase and Sale of Partnership Interests: Defines the specifics of the partnership interest acquisition, including the number and type of interests being purchased. — Consideration: Outlines the agreed-upon amount or manner of payment for the purchase of partnership interests. — Representations and Warranties: Lists the guarantees made by each party regarding their capacity, authority, and legality to enter into the agreement. — Closing Conditions: Describes the conditions that must be met by both parties in order to finalize the transaction. — Indemnification: Outlines the responsibilities for any losses, claims, liabilities, or damages incurred during or after the purchase. — Governing Law and Dispute Resolution: Specifies the jurisdiction and applicable law in case of disputes arising from the agreement. — Confidentiality: Enforces the confidentiality obligations of all parties involved. — Termination: Covers the circumstances under which the agreement may be terminated and the consequences thereof. 2. Types of Nebraska Sample Partnership Interest Purchase Agreements: a. Full Partnership Acquisition Agreement: This type of agreement encompasses the purchase of all partnership interests, transferring complete ownership and control of the partnership from the seller to the buyer. It involves comprehensive terms and conditions related to the acquisition. b. Partial Partnership Acquisition Agreement: In this scenario, only a specific portion or percentage of the partnership interests is being purchased. The agreement outlines the details related to the partial purchase, providing specifics on the extent of ownership being transferred. c. Merger or Consolidation Agreement: While not a direct partnership interest purchase agreement, a merger or consolidation agreement may be relevant to mention. It involves the combination of multiple partnerships or businesses into a single entity, resulting in the purchase of the partnership interests of the merging entities. Conclusion: The Nebraska Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al., is a comprehensive legal document defining the terms and conditions for the acquisition of partnership interests. This description sheds light on the key elements typically found within such agreements and also highlights various types, including full and partial partnership acquisitions, as well as merger or consolidation agreements.