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 Broken Arrow Oklahoma Buy Sell Agreement Package is a comprehensive legal document that outlines the terms and conditions of a buy-sell arrangement between two or more parties in the city of Broken Arrow, Oklahoma. This agreement package is a crucial tool for businesses and individuals involved in various types of transactions such as buying or selling a business, transferring ownership shares or interests, or entering into partnerships. The Buy Sell Agreement Package ensures a smooth transfer of assets, liabilities, and ownership rights, while protecting the interests of all parties involved. It serves as a legally binding contract, establishing the terms, conditions, and procedures to be followed in the event of a sale or transfer of ownership. This agreement package plays a crucial role in preventing disputes and conflicts that may arise during such transactions. There are different types of Broken Arrow Oklahoma Buy Sell Agreement Packages that cater to different situations and objectives. Some common types include: 1. Business Buy Sell Agreement: This type of agreement is specifically designed for businesses in Broken Arrow, Oklahoma. It outlines the terms and conditions of a business sale, including the purchase price, payment terms, assets and liabilities to be transferred, and any other pertinent details. 2. Partnership Buy Sell Agreement: This agreement package is tailored to partnerships in Broken Arrow, Oklahoma. It covers the transfer of partnership interests, the valuation of the partnership, and the process for admitting new partners or buying out existing ones. 3. Shareholder Buy Sell Agreement: This type of agreement is aimed at corporations with shareholders in Broken Arrow, Oklahoma. It governs the sale or transfer of shares, outlines any restrictions on share transfers, and establishes procedures for determining the fair market value of shares. 4. Member Buy Sell Agreement: This agreement package is designed for Limited Liability Companies (LCS) operating in Broken Arrow, Oklahoma. It addresses the transfer of membership interests and sets forth the procedures for buying out members or admitting new ones. A well-drafted Broken Arrow Oklahoma Buy Sell Agreement Package is essential for protecting the rights and interests of all parties involved in a transaction. It provides clarity and certainty, ensuring a seamless transition in ownership while minimizing the potential for disputes or misunderstandings. Whether it is for businesses, partnerships, corporations, or LCS, having the appropriate Buy Sell Agreement Package in place is crucial for a successful and legally compliant transaction.
