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.
Keywords: Savannah Georgia, buy sell agreement package, types A Savannah Georgia Buy Sell Agreement Package is a legal document that outlines the terms and conditions for buying or selling a business or its shares in Savannah, Georgia. This comprehensive package provides a complete set of agreements and forms necessary to facilitate a smooth and legally sound transaction. The Savannah Georgia Buy Sell Agreement Package typically includes the following documents: 1. Purchase and Sale Agreement: This agreement outlines the terms and conditions of the transaction, including the purchase price, payment terms, and any contingencies. 2. Non-Disclosure Agreement (NDA): An NDA ensures that both parties involved in the transaction maintain confidentiality of any sensitive information shared during the sale process. 3. Shareholder Agreement: In cases where the business is owned by multiple shareholders, this agreement outlines the rights, responsibilities, and obligations of each shareholder in relation to the sale. 4. Business Valuation Worksheet: This document helps determine the fair market value of the business, which is crucial for negotiating the purchase price. 5. Due Diligence Checklist: This checklist assists the buyer in conducting a thorough investigation of the business before finalizing the sale, ensuring that all necessary information is reviewed and assessed. 6. Bill of Sale: This document provides a legal transfer of ownership from the seller to the buyer, confirming the completion of the transaction. Different types of Savannah Georgia Buy Sell Agreement Packages can include variations depending on the specific nature of the business being bought or sold. For example, there might be separate packages for buying and selling a corporation, LLC, partnership, or sole proprietorship. Each type of package will have tailored agreements and forms to address the unique aspects and requirements of the specific business entity. In conclusion, a Savannah Georgia Buy Sell Agreement Package is a comprehensive collection of legal documents that facilitate the purchase or sale of a business in Savannah, Georgia. The package includes agreements such as the Purchase and Sale Agreement, Shareholder Agreement, Non-Disclosure Agreement, and others. Different types of packages are available to suit the specific type of business entity being bought or sold.
