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 Yonkers New York Buy Sell Agreement Package is a comprehensive legal document used in Yonkers, New York, for buying or selling properties, businesses, or assets. It serves as a legally binding agreement between the buyer and seller, outlining the terms and conditions of the transaction. This package includes all necessary forms, contracts, and disclosures required for a smooth and lawful transfer of ownership. The Yonkers New York Buy Sell Agreement Package encompasses various types of agreements, tailored to specific transactions. Here are some common types: 1. Real Estate Buy Sell Agreement: This type of agreement is used when buying or selling real estate properties in Yonkers, such as residential homes, commercial buildings, or vacant land. It covers essential details such as purchase price, contingencies, financing terms, and the transfer of title. 2. Business Buy Sell Agreement: This agreement is designed for the sale or purchase of an existing business in Yonkers, including sole proprietorship, partnerships, or corporations. It addresses aspects like the purchase price, assets and liabilities, transition period, non-compete clauses, and the transfer of business licenses. 3. Asset Buy Sell Agreement: Specifically for the transfer of individual assets rather than an entire business, this agreement is useful when selling or buying specific items like equipment, vehicles, patents, or intellectual property. It outlines the conditions for the sale, warranties, liabilities, and any transfer restrictions. 4. Stock Buy Sell Agreement: This type of agreement is used when dealing with the sale or purchase of shares in a Yonkers-based corporation. It covers aspects like share price, transfer restrictions, rights and obligations, and the impact on the control and governance of the company. The Yonkers New York Buy Sell Agreement Package provides peace of mind to both buyers and sellers by ensuring that all legal requirements and protections are met. It minimizes disputes and misunderstandings, clarifies the responsibilities of each party, and streamlines the acquisition or sale process. If you are considering entering into a buy-sell agreement in Yonkers, New York, it is essential to consult with a qualified attorney to review and customize the agreement to fit your specific needs and circumstances.
