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.
Travis Texas Buy Sell Agreement Package, also known as a business purchase agreement or a business transfer agreement, is a legal document that outlines the terms and conditions of buying or selling a business in Travis County, Texas. This comprehensive package is designed to protect the rights and interests of both the buyer and the seller throughout the transaction process. The Travis Texas Buy Sell Agreement Package includes various clauses and provisions that cover important aspects of the business transfer, such as the purchase price, payment terms, assets and liabilities included in the sale, warranties and representations, non-compete agreements, and dispute resolution procedures. This versatile package can be customized to suit different types of businesses and their specific requirements. Here are some types of Travis Texas Buy Sell Agreement Packages that can be tailored based on the nature of the business transaction: 1. Asset Purchase Agreement: This type of agreement is used when only the assets of a business are being sold, rather than the entire business entity as a whole. The package will include detailed provisions related to the transfer of assets, including inventory, equipment, intellectual property, contracts, and licenses. 2. Stock Purchase Agreement: In situations where the buyer intends to acquire the entire business entity, including its liabilities, through the purchase of shares or stocks, a stock purchase agreement is used. This package will include provisions that govern the transfer of ownership and the rights and responsibilities of both parties involved. 3. Merger Agreement: If two separate businesses decide to merge into a single entity, a merger agreement is required. This package will outline the terms of the merger, including the exchange of shares, the governance structure of the new entity, and the rights of the shareholders. 4. Partnership Buyout Agreement: When a partner wants to leave a partnership, a partnership buyout agreement is necessary to ensure a smooth transition. This package will address the terms of the buyout, such as the valuation of the partner's interest, the payment mechanism, and the transfer of assets and liabilities. Regardless of the type of Travis Texas Buy Sell Agreement Package chosen, it is essential to consult with legal professionals specializing in business transactions to ensure compliance with local laws and regulations. These packages provide a comprehensive framework for both parties to negotiate and facilitate a successful business buyout or sale in Travis County, Texas.
