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 Lima Arizona Buy Sell Agreement Package is a comprehensive contract that outlines the terms and conditions involved in buying or selling a property in Lima, Arizona. It serves as a legally binding document that protects the rights and interests of both the buyer and seller during a real estate transaction. This package includes various essential components necessary for a successful property deal. 1. Lima Arizona Real Estate Buy Sell Agreement: This agreement outlines the specifics of the property transaction. It includes details such as the purchase price, property description, financing terms, and any contingencies or conditions associated with the sale. This agreement ensures that both parties are on the same page and provides a framework for the entire transaction. 2. Lima Arizona Property Disclosure Statement: This document is crucial for the seller, as it requires them to disclose any known defects or issues with the property. The disclosure statement protects the buyer from potential surprises or hidden problems after the sale is completed. It helps to establish transparency between the buyer and seller, promoting a fair and informed transaction. 3. Lima Arizona Earnest Money Agreement: This agreement sets forth the terms and conditions regarding the buyer's earnest money deposit. Earnest money is a show of good faith from the buyer to the seller, demonstrating their seriousness in purchasing the property. This agreement outlines the amount of earnest money, the conditions under which it may be refunded, and any disbursement instructions. 4. Lima Arizona Contingency Agreement: This agreement allows the buyer or seller to include specific contingencies that must be met for the transaction to proceed. Typical contingencies may include a satisfactory home inspection, obtaining financing approval, or the sale of the buyer's existing home. This agreement helps protect both parties from unforeseen circumstances and allows for a smooth and secure transaction. 5. Lima Arizona Closing Statement: The closing statement is a comprehensive document that summarizes the financial aspects of the real estate transaction. It includes details on the purchase price, prorated property taxes, loan payoffs, and any other financial obligations related to the sale. This statement ensures that both the buyer and seller have a clear understanding of the financial implications of the deal. In conclusion, the Lima Arizona Buy Sell Agreement Package is a collection of essential documents designed to protect the interests of both buyers and sellers during a real estate transaction in Lima, Arizona. These agreements cover various aspects of the sale, including property details, disclosure of defects, earnest money, contingencies, and a comprehensive closing statement. Utilizing this package ensures a transparent, fair, and legally binding property transaction for all parties involved.
