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.
Pembroke Pines Florida Buy Sell Agreement Package is a comprehensive legal document designed to facilitate the smooth transfer of ownership and assets in a business or company located in the city of Pembroke Pines, Florida. This agreement package outlines the terms and conditions under which the sale and purchase of shares or assets will take place, ensuring that all parties involved are protected and their interests are safeguarded. The Pembroke Pines Florida Buy Sell Agreement Package includes various important components such as: 1. Agreement Terms: This section clearly defines the terms and conditions of the buy-sell agreement, including the purchase price, payment terms, and any contingencies such as financing or due diligence. 2. Asset or Share Purchase: The agreement package allows businesses in Pembroke Pines, Florida, to choose between selling the entire business (assets and liabilities) or selling only the shares of the company. This flexibility caters to different business structures and ownership preferences. 3. Valuation and Pricing: The agreement package may include provisions for determining the value of the business or shares, such as through an independent appraisal or based on a predetermined formula. This ensures transparency and fairness in determining the purchase price. 4. Restrictive Covenants: To protect the interests of all parties involved, the agreement may include non-compete clauses, which prevent the seller from engaging in similar business activities or working for competitors after the sale. It can also contain non-solicitation clauses, preventing the seller from soliciting clients, employees, or suppliers. 5. Dispute Resolution: The package may outline the process for resolving any potential disagreements or disputes that may arise during or after the sale, including mediation or arbitration. The Pembroke Pines Florida Buy Sell Agreement Package can further be divided into different types, based on specific business requirements or circumstances. Some common variations may include: 1. Cross-Purchase Agreement: In this type of buy-sell agreement, individual co-owners within the business have the right to purchase the share(s) of the departing owner. 2. Entity Purchase Agreement: Alternatively, this agreement allows the business entity itself to buy back the shares or ownership interest from the departing owner. 3. Wait-and-See Agreement: This unique agreement type allows the remaining owners to decide whether they will individually purchase the departing owner's share or if the business itself will buy back the ownership interest. 4. Redemption Agreement: In this scenario, the business entity agrees to buy back the ownership interest upon the occurrence of specific triggering events, such as retirement, disability, or death of the owner. The availability and suitability of these different buy-sell agreement variations may vary based on the specific business structure, ownership dynamics, and legal requirements in Pembroke Pines, Florida. It is advisable to consult with an experienced attorney well-versed in local business laws to determine the most appropriate and legally compliant agreement package for your specific needs.
