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 Houston Texas Buy Sell Agreement Package is a comprehensive legal document package designed for individuals or entities who wish to engage in the buying and selling of assets, properties, or businesses in the Houston, Texas area. This package contains all the necessary forms, contracts, and agreements to ensure a smooth and legally binding transaction. The Houston Texas Buy Sell Agreement Package includes a variety of agreements to cater to different types of transactions. Some different types of agreements commonly found in this package include: 1. Business Purchase Agreement: This agreement is specifically designed for the sale and purchase of an existing business. It outlines the terms and conditions of the transaction, such as the purchase price, payment terms, and any contingencies. 2. Real Estate Purchase Agreement: This agreement is tailored for the sale and purchase of real estate properties, including residential, commercial, or vacant land. It covers crucial details such as the property address, purchase price, financing options, and closing procedures. 3. Asset Purchase Agreement: This agreement is ideal for the sale and purchase of individual assets or a group of assets within a business. It includes information about the assets being sold, their physical condition, warranties, and any existing liabilities. 4. Stock Purchase Agreement: This agreement is specifically designed for the sale and purchase of stocks or ownership interests in a corporation. It outlines the terms of the sale, shareholder rights, representations and warranties, and mechanisms for transferring ownership. 5. Membership Interest Purchase Agreement: This agreement is suitable for the sale and purchase of membership interests in a limited liability company (LLC). It includes provisions related to the purchase price, allocations of profits and losses, management rights, and dissolution procedures. The Houston Texas Buy Sell Agreement Package ensures that all parties involved in a transaction are protected by providing a clear outline of rights, responsibilities, and obligations. It is vital to consult with a legal professional to determine the specific documents needed for each unique transaction and to ensure compliance with Texas state regulations.
