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.
The Elizabeth New Jersey Buy Sell Agreement Package is a legally binding arrangement that outlines the terms and conditions related to the buying and selling of assets or businesses within the Elizabeth area of New Jersey. This comprehensive package is designed to protect the interests of both parties involved in the transaction, ensuring a smooth transfer of ownership. A Buy Sell Agreement Package in Elizabeth New Jersey can take various forms depending on the type of asset being bought or sold. Some common types include: 1. Real Estate Buy Sell Agreement Package: This package is specifically tailored to facilitate the buying and selling of real estate properties in Elizabeth, New Jersey. It covers essential details such as the property description, purchase price, financing terms, and contingency clauses. 2. Business Buy Sell Agreement Package: Designed for purchasing or selling a business located in the Elizabeth area, this package addresses all aspects of the transaction, including the business valuation, transfer of assets, liabilities, and non-compete agreements. 3. Partnership Buy Sell Agreement Package: If partners in a business located in Elizabeth, New Jersey, wish to buy or sell their ownership stakes, this package outlines the transfer process, valuation methods, and buyout terms. It effectively safeguards the interests of all partners involved in the transaction. 4. Shareholder Buy Sell Agreement Package: This package caters to corporations located in Elizabeth, New Jersey, where shareholders intend to buy or sell their shares. It includes provisions related to share valuation, preemptive rights, and the transfer of ownership. 5. Asset Buy Sell Agreement Package: For the buying or selling of specific assets within Elizabeth, New Jersey, such as equipment, vehicles, or intellectual property, this package covers vital information including the item description, condition, price, and warranties. Regardless of the type of Buy Sell Agreement Package, it is essential to consult legal professionals familiar with New Jersey laws to ensure compliance and a fair deal for all parties involved. Furthermore, customized agreement packages are also available to suit unique transaction requirements in the Elizabeth area.
