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.
Grand Rapids Michigan Buy Sell Agreement Package is a comprehensive legal document that outlines the terms and conditions for buying or selling a business in the Grand Rapids, Michigan area. This agreement is designed to protect the interests of both the buyer and the seller and provides a framework for a smooth transaction. It covers various aspects of the sale, including the purchase price, payment terms, assets included, liabilities assumed, and post-closing obligations. There are different types of Grand Rapids Michigan Buy Sell Agreement Packages available, depending on the specific needs and circumstances of the parties involved. These packages can be tailored for different types of businesses, such as sole proprietorship, partnerships, or corporations. For example, if two partners want to dissolve their partnership and transfer the business to one partner, they can use a Partnership Buy Sell Agreement. This agreement details the terms and conditions for the sale of the partnership interest, including the purchase price, payment terms, and the distribution of assets and liabilities. Another type of Grand Rapids Michigan Buy Sell Agreement Package is the Stock Buy Sell Agreement. This is commonly used when a corporation wants to buy back or redeem shares from a shareholder. The agreement establishes the process for determining the purchase price, the timeline for the buyback, and any restrictions or conditions associated with the sale. Additionally, there is the Asset Purchase Agreement, which is used when only certain assets of a business are being sold, rather than the entire business entity. This agreement outlines the specific assets being sold, their value, the payment terms, and any contingencies or warranties related to the assets. In summary, the Grand Rapids Michigan Buy Sell Agreement Package is a crucial legal document that ensures a smooth and fair transaction when buying or selling a business in the Grand Rapids area. It provides protection and clarity for all parties involved and can be tailored to meet the specific needs of different types of businesses, such as partnerships, corporations, or asset sales.
