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.
A Charlotte North Carolina Buy Sell Agreement Package is a comprehensive legal document that outlines the terms and conditions for the buying and selling of a business or shares of a company in Charlotte, North Carolina. This package is designed to protect the rights and interests of all parties involved in the transaction. The Buy Sell Agreement Package includes various legal forms and contracts that are necessary to complete a successful business sale. These forms typically cover important aspects such as the purchase price, payment terms, closing date, allocation of assets and liabilities, and any contingencies or conditions that need to be met before the sale is finalized. There are different types of Buy Sell Agreement Packages available in Charlotte, North Carolina, depending on the specific situation or transaction. Some common types include: 1. Asset Purchase Agreement: This type of agreement is used when the buyer only wishes to acquire certain assets of the business, such as equipment, inventory, or intellectual property. It specifies which assets will be included in the sale and how they will be valued. 2. Stock Purchase Agreement: This agreement is used when the buyer wants to acquire the entire company, including all its assets and liabilities. It outlines the terms of the stock sale, including the number of shares being purchased and the purchase price per share. 3. Membership Interest Purchase Agreement: This type of agreement is specific to limited liability companies (LCS). It is used when the buyer wants to acquire a membership interest in an LLC, which grants them ownership rights and a share of the company's profits and losses. In addition to the above types, there may be variations or customized versions of the Buy Sell Agreement Package to cater to unique circumstances or specific business industries in Charlotte, North Carolina. It is crucial to consult with a qualified attorney or legal professional who specializes in business transactions and contracts in Charlotte, North Carolina, to ensure that the Buy Sell Agreement Package is tailored to meet the specific needs and requirements of the parties involved.
