Ohio 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 Ohio Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al. is a legally binding document that outlines the details of a purchase agreement between the mentioned parties. This agreement involves the purchase of partnership interests in a partnership operating in the state of Ohio. The agreement encompasses various key aspects that need to be addressed to ensure a smooth transaction. Some essential elements covered in this Ohio Sample Partnership Interest Purchase Agreement include: 1. Parties Involved: The agreement identifies the parties involved, primarily the Franklin Covey Company, Daytracker.com, and any other relevant parties, as the buyer and seller of partnership interests. 2. Purchase Price: The agreement includes details regarding the purchase price of the partnership interests. It outlines the agreed-upon amount that the buyer will pay to acquire the interests from the seller. 3. Payment Terms: The agreement specifies the payment terms, such as whether the total purchase price will be paid in one lump sum or if it will be divided into installments. 4. Closing Date: The agreement establishes the closing date, which signifies the date when the transaction will be finalized, and the ownership of the partnership interests will be transferred to the buyer. 5. Representations and Warranties: This section of the agreement is crucial as it outlines the promises and assurances made by the seller about the partnership interests being sold. It ensures that the buyer is aware of the condition of the interests. 6. Indemnification: The agreement may include provisions related to indemnification, whereby the seller agrees to compensate the buyer for any losses or damages incurred due to misrepresentations or breaches of the agreement. 7. Governing Law: This section states that the agreement will be governed by and interpreted in accordance with the laws of the state of Ohio, ensuring that any legal disputes arising from the agreement will be resolved under Ohio's jurisdiction. Different types of Ohio Sample Partnership Interest Purchase Agreements may exist based on specific terms and conditions pertaining to various partnerships. These agreements may vary in terms of the parties involved, the purchase price, payment terms, and other specific provisions. In conclusion, the Ohio Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al. is a comprehensive legal document that outlines the terms and conditions of the purchase of partnership interests in Ohio. This agreement plays a vital role in ensuring a smooth and transparent transaction between the buyer and seller, protecting the interests of both parties involved.

Ohio Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al. is a legally binding document that outlines the details of a purchase agreement between the mentioned parties. This agreement involves the purchase of partnership interests in a partnership operating in the state of Ohio. The agreement encompasses various key aspects that need to be addressed to ensure a smooth transaction. Some essential elements covered in this Ohio Sample Partnership Interest Purchase Agreement include: 1. Parties Involved: The agreement identifies the parties involved, primarily the Franklin Covey Company, Daytracker.com, and any other relevant parties, as the buyer and seller of partnership interests. 2. Purchase Price: The agreement includes details regarding the purchase price of the partnership interests. It outlines the agreed-upon amount that the buyer will pay to acquire the interests from the seller. 3. Payment Terms: The agreement specifies the payment terms, such as whether the total purchase price will be paid in one lump sum or if it will be divided into installments. 4. Closing Date: The agreement establishes the closing date, which signifies the date when the transaction will be finalized, and the ownership of the partnership interests will be transferred to the buyer. 5. Representations and Warranties: This section of the agreement is crucial as it outlines the promises and assurances made by the seller about the partnership interests being sold. It ensures that the buyer is aware of the condition of the interests. 6. Indemnification: The agreement may include provisions related to indemnification, whereby the seller agrees to compensate the buyer for any losses or damages incurred due to misrepresentations or breaches of the agreement. 7. Governing Law: This section states that the agreement will be governed by and interpreted in accordance with the laws of the state of Ohio, ensuring that any legal disputes arising from the agreement will be resolved under Ohio's jurisdiction. Different types of Ohio Sample Partnership Interest Purchase Agreements may exist based on specific terms and conditions pertaining to various partnerships. These agreements may vary in terms of the parties involved, the purchase price, payment terms, and other specific provisions. In conclusion, the Ohio Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al. is a comprehensive legal document that outlines the terms and conditions of the purchase of partnership interests in Ohio. This agreement plays a vital role in ensuring a smooth and transparent transaction between the buyer and seller, protecting the interests of both parties involved.