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.
Chicago Illinois Buy Sell Agreement Package refers to a comprehensive legal contract or set of documents that facilitate the buying and selling of property, businesses, or assets in Chicago, Illinois. This package contains all the necessary forms, templates, and instructions required to complete a smooth and legally binding transaction between buyers and sellers. The Chicago Illinois Buy Sell Agreement Package typically includes key documents such as the purchase agreement, disclosure statements, title transfers, financial statements, and any other relevant legal forms specific to the type of transaction. These documents outline the terms and conditions of the sale, including the purchase price, payment method, closing date, and any contingencies or warranties involved. The package is specifically tailored to meet the legal requirements and regulations of the state of Illinois, particularly within the city of Chicago. It takes into account the specific laws, regulations, and processes applicable to property and business transactions in this region. By utilizing this package, buyers and sellers can ensure compliance with local legal requirements while safeguarding their interests and minimizing potential disputes or legal issues. Different types of Chicago Illinois Buy Sell Agreement Packages may exist depending on the specific nature of the transaction. For example, there may be distinct packages for residential real estate, commercial property, businesses, or intellectual property. Each package is designed to address the unique legal considerations and requirements related to that particular transaction type. In summary, the Chicago Illinois Buy Sell Agreement Package is a comprehensive collection of legal documents and forms necessary for conducting property, business, or asset transactions in Chicago, Illinois. These packages are tailored to meet the specific legal requirements of the region and are available in different variations depending on the type of transaction involved. Utilizing these packages can help buyers and sellers navigate the complex legal landscape and ensure a smooth and legally binding transaction.
