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.
Harris Texas Buy Sell Agreement Package is a legal document that outlines the terms and conditions for buying and selling ownership interests in a business based in Harris County, Texas. This agreement is specifically designed to protect the interests of both the buyer and the seller by defining the rights, responsibilities, and obligations of each party involved in the transaction. The Harris Texas Buy Sell Agreement Package serves as a comprehensive contract that addresses various aspects of the sale or transfer of ownership interests. It covers crucial details such as the purchase price, payment terms, closing conditions, and any contingencies that may arise during the transaction process. This agreement package includes different types of buy-sell agreements tailored to meet specific needs and circumstances. Some common types of Harris Texas Buy Sell Agreement Packages include: 1. Fixed Price Buy Sell Agreement: This type of agreement establishes a predetermined purchase price for the ownership interests, ensuring a smooth and fair transaction without any price negotiations. 2. Installment Buy Sell Agreement: With this agreement, the purchase price is paid in installments over a specified period. It allows the buyer to acquire ownership interests gradually, while the seller receives regular payments. 3. Right of First Refusal Buy Sell Agreement: This agreement grants the existing owners or a specific party the first opportunity to purchase the ownership interests before they are offered to external buyers. 4. Cross-Purchase Buy Sell Agreement: In this type of agreement, each owner agrees to purchase the ownership interests of the other owners, providing a smooth transition in case of one owner's retirement, death, or disability. 5. Redemption Buy Sell Agreement: This agreement allows the business entity itself to buy back the ownership interests from the owner, usually triggered by an agreed-upon event such as retirement or death. The Harris Texas Buy Sell Agreement Package is highly customizable, allowing the parties involved to tailor the agreement to their specific needs and requirements. It is crucial to consult with an experienced attorney to ensure all legal and financial aspects are considered and properly addressed in the agreement.
