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 Bronx New York Buy Sell Agreement Package is a comprehensive legal document designed to facilitate the purchase and sale of properties in the Bronx, New York. This package includes the necessary forms and contracts to ensure a smooth transaction process between the buyer and seller. When it comes to real estate transactions, having a buy sell agreement in place is crucial to protect the interests of both parties involved. The Bronx New York Buy Sell Agreement Package covers all the essential elements needed to establish a legally binding agreement, including property details, purchase price, payment terms, and contingencies. The Bronx New York Buy Sell Agreement Package may consist of different types, depending on the specific requirements of the parties involved and the nature of the property being sold. Some common types of buy sell agreement packages available for properties in the Bronx, New York, are as follows: 1. Residential Property Buy Sell Agreement Package: This package is tailored for residential properties such as single-family homes, townhouses, condominiums, or co-ops in the Bronx. It includes provisions related to inspection contingencies, financing contingencies, and any specific requirements for residential real estate transactions. 2. Commercial Property Buy Sell Agreement Package: Ideal for commercial properties in the Bronx, this package caters to the unique aspects of commercial real estate transactions. It covers aspects such as zoning regulations, permits, lease agreements, and potential tenant rights. 3. Multi-unit Property Buy Sell Agreement Package: This package is suitable for properties with multiple units, such as apartment buildings or multi-family homes. It takes into consideration rental agreements, tenant rights, potential income generation, and any legal considerations specific to multi-unit properties. 4. Vacant Land Buy Sell Agreement Package: For those interested in buying or selling vacant land in the Bronx, this package addresses the intricacies involved in such transactions. It covers zoning restrictions, land use regulations, environmental considerations, and potential development opportunities. In summary, the Bronx New York Buy Sell Agreement Package offers a range of options to accommodate various property types and specific requirements. Whether it's residential, commercial, multi-unit, or vacant land real estate, having a comprehensive buy sell agreement package ensures a legally sound and smooth transaction process.
