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.
Gresham Oregon Buy Sell Agreement Package refers to a comprehensive set of legal documents designed to outline the terms and conditions related to the buying and selling of a business or property in Gresham, Oregon. This package includes various agreements, contracts, and forms that serve to protect the interests of both the buyer and the seller throughout the transaction process. The Gresham Oregon Buy Sell Agreement Package typically consists of the following key components: 1. Purchase Agreement: This agreement outlines the details of the transaction, including the purchase price, payment terms, and any contingencies or conditions that need to be met before the sale is finalized. 2. Promissory Note: In cases where the buyer agrees to make payments over time, a promissory note is included to formalize the loan agreement between the buyer and seller. It specifies the terms of the payment schedule, interest rates, and any relevant penalties for late payments. 3. Bill of Sale: This document serves as proof of transfer of ownership from the seller to the buyer. It includes a detailed list of the assets being sold, such as equipment, inventory, licenses, and intellectual property. 4. Non-Compete Agreement: If applicable, a non-compete agreement may be included to prevent the seller from directly competing with the business they just sold within a specific geographic region and for a defined period of time. 5. Indemnification Agreement: This agreement aims to protect both parties from any potential losses, liabilities, or claims that may arise after the sale is completed. It sets forth the responsibilities of each party with regard to any legal disputes, indemnifying the innocent party against losses caused by the other. 6. Confidentiality Agreement: In some cases, a confidentiality agreement may be included to ensure that any sensitive information shared during the negotiation process remains confidential and is not disclosed to third parties without consent. 7. Earnest Money Agreement: If a deposit is required, an earnest money agreement outlines the amount, conditions, and circumstances under which the deposit may be forfeited or returned to the buyer. It's important to note that Gresham Oregon Buy Sell Agreement Packages may vary in terms of additional documents or forms included, depending on the specific needs and preferences of the buyer and seller, as well as the nature of the business or property being transacted. Therefore, it is advisable to consult with a qualified attorney or legal professional to customize the package to suit the particular transaction requirements.
