With this Buy-Sell Agreement Package, you will find the forms that are necessary for a future sale of a partner’s or shareholder's interest. In a buy-sell agreement, the party contractually limits his or her ability to dispose of his or her interest in the partnership or corporation to the terms of the agreement, and control of the partnership or corporation may be assured.
Included in your package are the following forms:
- Buy-Sell Agreement Between Shareholders of Corp
- Buy-Sell Agreement Between Partners of Partnership
- Non-Compete Agreement Between Buyer and Seller
- Buy-Sell or Stock Purchase Agreement Covering Common Stock in a Closely Held Corporation with an Option to Fund the Purchase Through Life Insurance
- Buy-Sell Clauses and Related Material
Detailed information on forms included:
- Buy-Sell Agreement Between Shareholders of Corp. - The purpose of this agreement is to provide for the sale by a stockholder during his/her lifetime, or by a deceased stockholder's estate, and to provide all or a substantial part of the funds for the purchase. The form contains the following provisions: total value of the capital stock, procedure upon the death of a stockholder, and amending procedures for the agreement.
- Buy-Sell Agreement Between Partners of Partnership - This form is an agreement in which the partners are engaged in a particular business and the purpose of this agreement is to provide for the sale by a partner during a partner's lifetime, or by a deceased partner's estate, of his interest in the partnership, and for the purchase of such interest by the partnership at a price fairly established, and to provide all or a substantial part of the funds for the purchase.
- Non-Compete Agreement Between Buyer and Seller- In this form, the seller and purchaser agree not to compete with each other in the specified industry and territory for a certain time period. The form is designed to be adapted to fit your particular needs.
- Buy-Sell Clauses and Related Material - This form is a model adaptable for use in partnership matters, based on an example clause used by a 50-50 general partnership or limited liability company joint venture. Buy-sell device includes an auction procedure. Adapt the form to your specific needs and fill in the information.
- Buy-Sell or Stock Purchase Agreement Covering Common Stock in a Closely Held Corporation with an Option to Fund the Purchase Through Life Insurance- This form is set up as a Buy Sell Agreement between the Corporation and a key shareholder. It applies in the case of the death, disability, retirement or offer of shareholder to sell the stock during his lifetime.
The Maricopa Arizona Buy Sell Agreement Package is a comprehensive set of legal documents designed to facilitate the buying and selling of properties in Maricopa County, Arizona. This meticulously crafted package includes various agreements, disclosures, and forms that protect the rights and interests of both buyers and sellers involved in real estate transactions within the county. Key components of the Maricopa Arizona Buy Sell Agreement Package include: 1. Purchase Agreement: This is the primary document that outlines the terms and conditions of the property purchase, including the closing date, purchase price, contingencies, and any special provisions negotiated between the buyer and seller. 2. Seller's Property Disclosure Statement: This document is completed by the seller and provides information about the condition of the property, including known defects or issues. It plays a crucial role in informing the buyer about the property's history and any potential problems that might impact their decision. 3. Lead-Based Paint Disclosure: In accordance with federal law, this disclosure is required for residential properties built before 1978. It informs potential buyers about the potential presence of lead-based paint and provides relevant information about its risks and precautions. 4. Loan Status Update: This form is used to keep all parties involved informed about the progress of the buyer's financing. It outlines important milestones and deadlines to ensure a smooth transaction. 5. Additional Provisions Addendum: This document allows the buyer and seller to add any specific provisions or conditions not covered in the standard purchase agreement. It gives both parties the flexibility to negotiate and establish specific terms that are unique to their transaction. 6. HOA Addendum: If the property is located in a homeowner's association (HOA), this addendum becomes a vital part of the package. It discloses important HOA-related information, such as fees, rules, and restrictions, ensuring buyers are aware of their obligations if they choose to proceed with the purchase. 7. Counter Offer: In case there are negotiations or changes to the original purchase agreement, a counter offer may be issued by one party to the other. This document formalizes any changes proposed and allows for continued negotiation until both parties reach a mutually acceptable agreement. While the Maricopa Arizona Buy Sell Agreement Package encompasses all the essential documents needed to facilitate a standard real estate transaction, there can be variations or specialized versions of the package. These may cater to specific property types, such as commercial properties or vacant land, or address unique circumstances like rent-back agreements or lease options. In summary, the Maricopa Arizona Buy Sell Agreement Package is a comprehensive collection of legal documents that safely and securely enable the buying and selling of properties in Maricopa County, Arizona. It helps protect the rights and interests of all parties involved in a real estate transaction, ensuring a smooth and transparent process.
