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.
Franklin Ohio Buy Sell Agreement Package is a comprehensive legal document package designed for individuals or businesses located in Franklin, Ohio who wish to establish a clear agreement for the buying and selling of ownership interests in a company or partnership. This package serves as a legally binding contract outlining the terms and conditions under which the transfer of ownership interests can take place. In Franklin, Ohio, there are various types of Buy Sell Agreement Packages available to cater to different business needs and structures. These include: 1. Corporate Buy Sell Agreement Package: This package is suitable for businesses organized as corporations in Franklin, Ohio. It establishes guidelines for the purchase and sale of shares or stocks, ensuring a smooth transition of ownership in case of events like retirement, death, disability, or voluntary departure of a shareholder. 2. Partnership Buy Sell Agreement Package: Specifically crafted for partnerships operating in Franklin, Ohio, this package covers the transfer of partnership interests between partners. It outlines the procedures and terms for buying out an exiting partner's interest, preventing any disputes or disagreements in the process. 3. LLC Buy Sell Agreement Package: Designed for limited liability companies (LCS) based in Franklin, Ohio, this package outlines the provisions for the purchase and sale of membership interests within the company. It helps ensure a seamless transition of ownership and protects all parties involved from potential conflicts. Each type of Franklin Ohio Buy Sell Agreement Package aims to provide a legally binding framework that allows for the efficient transfer of ownership interests, ensuring the continuity and stability of businesses in Franklin, Ohio. These packages help avoid potential disputes, protect the interests of all parties involved, and provide a clear roadmap for the buying and selling of ownership shares or interests in a company or partnership.
