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.
Sandy Springs Georgia Buy Sell Agreement Package is a legally binding contract that outlines the terms and conditions for buying or selling a property in Sandy Springs, Georgia. This agreement is designed to protect the interests of both parties involved in the transaction and ensure a smooth and fair transfer of ownership. A typical Sandy Springs Georgia Buy Sell Agreement Package includes several key components. These may vary depending on the specific requirements of the parties involved, but some common elements often found in such packages are: 1. Purchase Price: This section outlines the agreed-upon price at which the property will be bought or sold. 2. Property Description: The agreement should include a detailed description of the property being bought or sold, including its address, legal description, and any other relevant details necessary for identification. 3. Terms and Conditions: This section covers various terms and conditions of the sale, such as the closing date, financing terms, and any contingencies or conditions that must be met before the sale can proceed. 4. Earnest Money: The agreement will specify the amount of earnest money the buyer must submit as a show of good faith. This deposit is typically held in escrow until the closing of the transaction. 5. Disclosures: Both parties are usually required to disclose any known defects or issues with the property. This helps to protect the buyer, ensuring they are aware of any potential risks or problems. 6. Contingencies: The agreement may include specific contingencies that must be met before the sale can proceed. For example, the buyer may include a financing contingency, allowing them to back out of the deal if they are unable to secure a mortgage. 7. Inspections: The agreement often provides the buyer with the right to conduct inspections of the property to identify any potential issues or repairs needed. It may outline the deadlines and procedures for these inspections. There may be different types of Sandy Springs Georgia Buy Sell Agreement Packages available depending on specific circumstances. Some variations could include: 1. Residential Buy Sell Agreement Package: Specifically designed for the purchase or sale of residential properties, including single-family homes, townhouses, or condos. 2. Commercial Buy Sell Agreement Package: Tailored for commercial properties such as office buildings, retail spaces, or warehouses. 3. Land or Vacant Lot Buy Sell Agreement Package: Catering to the purchase or sale of undeveloped land or vacant lots for various purposes, such as residential, commercial, or recreational use. 4. Investment Property Buy Sell Agreement Package: Geared towards properties purchased with the intention of generating income, such as rental properties or real estate investments. It is important to consult with a professional attorney or real estate agent to understand the specific details and requirements of the Sandy Springs Georgia Buy Sell Agreement Package that best suits your needs.
