• US Legal Forms

Rhode Island Cross-Purchase Agreement with Life Insurance to Fund Purchase of Deceased Partner's Interest -- Proceeds Payable to Decedent's Beneficiary in Installments

State:
Multi-State
Control #:
US-0923BG
Format:
Word; 
Rich Text
Instant download

Description

A cross-purchase agreement sets forth how ownership in a business transfers if the owner dies, retires or becomes disabled. The parties to a cross-purchase agreement always include a seller and a buyer. Cross-purchase agreements aim to ensure that sellers (or their beneficiaries) receive and buyers pay a fair price for their interests. Some cross-purchase agreements use a dollar amount to calculate the buy-out price, while others use a formula. A valuation of the interest that is the subject of the agreement should be made periodically.
Free preview
  • Form preview
  • Form preview
  • Form preview

Trusted and secure by over 3 million people of the world’s leading companies

Rhode Island Cross-Purchase Agreement with Life Insurance to Fund Purchase of Deceased Partner's Interest -- Proceeds Payable to Decedent's Beneficiary in Installments