Cuyahoga Ohio Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al

• Category: Corporations - Public - Purchase
• State: Multi-State
• County: Cuyahoga
• Control #: US-EG-9054
• Format: Word; Rich Text

Description

Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.Com, Scot Robinson and Michael Barlow dated December 8, 1999. 34 pages Cuyahoga Ohio Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al.: This Cuyahoga Ohio Sample Partnership Interest Purchase Agreement outlines the terms and conditions under which Franklin Covey Company and Daytracker.com, alongside other relevant parties, will engage in a partnership interest purchase. This agreement is designed to protect the interests of all involved entities and establish a clear framework for the acquisition. The Cuyahoga Ohio Sample Partnership Interest Purchase Agreement encompasses various key components, including: 1. Parties Involved: The agreement identifies Franklin Covey Company, an esteemed management consulting firm, and Daytracker.com, a cutting-edge technology company, as the main parties involved in the partnership interest purchase. Other entities who may be involved or impacted by this agreement are also listed. 2. Purchase Price and Consideration: The purchase price for the partnership interest is specified in the agreement, along with the consideration to be paid by Franklin Covey Company. This includes details regarding any cash payments, assumption of liabilities, or issuance of shares that may constitute part of the consideration. 3. Transfer of Ownership and Rights: The agreement defines the scope and extent of the partnership interest being purchased, ensuring a smooth transfer of ownership. It outlines the specific rights, privileges, and obligations relating to the acquired interest and any related assets, intellectual property, or contracts. 4. Representations and Warranties: Both parties make certain representations and warranties to ensure the validity of the transaction. This includes confirming that they have the authority to enter into the agreement, that the partnership interest being sold is free from encumbrances, and that all necessary approvals and consents have been obtained. 5. Closing Process: The agreement outlines the process and timeline for the closing of the transaction, specifying the conditions precedent that must be fulfilled for the purchase to be completed successfully. It also addresses the handling of any post-closing obligations, such as the transfer of assets and records. 6. Confidentiality and Non-Competition: The agreement may include clauses to safeguard the confidential information, trade secrets, and intellectual property associated with the partnership interest. Additionally, non-competition provisions may be established to prevent parties from engaging in similar activities that might compete with the interests of the acquired partnership. 7. Governing Law and Dispute Resolution: The agreement may stipulate the governing law of Cuyahoga County, Ohio, as well as the preferred method of dispute resolution, such as arbitration or mediation, to be employed in the event of any conflicts or disputes. Distinct types of Cuyahoga Ohio Sample Partnership Interest Purchase Agreements may exist based on factors such as the nature of the business, the specific parties involved, or additional circumstances of the transaction. These could include agreements tailored for partnerships in the finance sector, technology industry, or real estate market, for example. Each type may have slight variations and provisions specific to the respective sectors or market dynamics.

Cuyahoga Ohio Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al.: This Cuyahoga Ohio Sample Partnership Interest Purchase Agreement outlines the terms and conditions under which Franklin Covey Company and Daytracker.com, alongside other relevant parties, will engage in a partnership interest purchase. This agreement is designed to protect the interests of all involved entities and establish a clear framework for the acquisition. The Cuyahoga Ohio Sample Partnership Interest Purchase Agreement encompasses various key components, including: 1. Parties Involved: The agreement identifies Franklin Covey Company, an esteemed management consulting firm, and Daytracker.com, a cutting-edge technology company, as the main parties involved in the partnership interest purchase. Other entities who may be involved or impacted by this agreement are also listed. 2. Purchase Price and Consideration: The purchase price for the partnership interest is specified in the agreement, along with the consideration to be paid by Franklin Covey Company. This includes details regarding any cash payments, assumption of liabilities, or issuance of shares that may constitute part of the consideration. 3. Transfer of Ownership and Rights: The agreement defines the scope and extent of the partnership interest being purchased, ensuring a smooth transfer of ownership. It outlines the specific rights, privileges, and obligations relating to the acquired interest and any related assets, intellectual property, or contracts. 4. Representations and Warranties: Both parties make certain representations and warranties to ensure the validity of the transaction. This includes confirming that they have the authority to enter into the agreement, that the partnership interest being sold is free from encumbrances, and that all necessary approvals and consents have been obtained. 5. Closing Process: The agreement outlines the process and timeline for the closing of the transaction, specifying the conditions precedent that must be fulfilled for the purchase to be completed successfully. It also addresses the handling of any post-closing obligations, such as the transfer of assets and records. 6. Confidentiality and Non-Competition: The agreement may include clauses to safeguard the confidential information, trade secrets, and intellectual property associated with the partnership interest. Additionally, non-competition provisions may be established to prevent parties from engaging in similar activities that might compete with the interests of the acquired partnership. 7. Governing Law and Dispute Resolution: The agreement may stipulate the governing law of Cuyahoga County, Ohio, as well as the preferred method of dispute resolution, such as arbitration or mediation, to be employed in the event of any conflicts or disputes. Distinct types of Cuyahoga Ohio Sample Partnership Interest Purchase Agreements may exist based on factors such as the nature of the business, the specific parties involved, or additional circumstances of the transaction. These could include agreements tailored for partnerships in the finance sector, technology industry, or real estate market, for example. Each type may have slight variations and provisions specific to the respective sectors or market dynamics.