Travis Texas Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al

• Category: Corporations - Public - Purchase
• State: Multi-State
• County: Travis
• 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 Travis Texas Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al., is a legally binding document that outlines the terms and conditions of the purchase of partnership interest in a business. This agreement serves as a protection for all parties involved and ensures a smooth transaction process. The partnership interest purchase agreement can be specifically tailored to the needs and requirements of the specific transaction being carried out. It is crucial for all parties to thoroughly review the terms and negotiate any necessary amendments before officially signing the agreement. Some key components that are typically included in a Travis Texas Sample Partnership Interest Purchase Agreement include: 1. Parties Involved: The agreement identifies all parties involved in the transaction, including the purchaser (in this case, Franklin Covey Company and Daytracker.com) and the seller(s) of the partnership interest. 2. Purchase Price: The agreement clearly states the agreed-upon purchase price for the partnership interest being sold. The price may be determined through negotiation or based on the appraised value of the partnership interest. 3. Payment Terms: The agreement specifies the payment terms, such as the mode of payment, payment schedule, and any applicable conditions for the release of payment. It may include terms like down payment, installment payments, or a lump sum payment. 4. Representations and Warranties: This section outlines the representations and warranties made by both the purchaser and the seller(s) regarding the partnership interest being purchased. It sets forth the accuracy of the information provided and protects all parties from any misrepresentations or inaccuracies. 5. Closing and Transfer of Interest: The agreement details the closing procedures and timelines for the transfer of the partnership interest. This includes any necessary documentation, approvals, or consents from relevant parties. 6. Post-Closing Covenants: It is common for the agreement to include post-closing covenants that specify obligations and responsibilities of each party after the transaction is completed. This section may cover matters such as confidentiality, non-compete agreements, and dispute resolution mechanisms. 7. Governing Law and Jurisdiction: The agreement will specify the governing law and the jurisdiction in which any legal disputes arising from the agreement will be resolved. In this case, it would likely reference the laws and jurisdiction of Travis County, Texas. It's important to note that the aforementioned content description outlines a generic Travis Texas Sample Partnership Interest Purchase Agreement. Different versions of this agreement may exist depending on the specific nature of the transaction and the parties involved. It is recommended that parties seek legal counsel to ensure the agreement accurately reflects their individual circumstances and objectives.

Travis Texas Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al., is a legally binding document that outlines the terms and conditions of the purchase of partnership interest in a business. This agreement serves as a protection for all parties involved and ensures a smooth transaction process. The partnership interest purchase agreement can be specifically tailored to the needs and requirements of the specific transaction being carried out. It is crucial for all parties to thoroughly review the terms and negotiate any necessary amendments before officially signing the agreement. Some key components that are typically included in a Travis Texas Sample Partnership Interest Purchase Agreement include: 1. Parties Involved: The agreement identifies all parties involved in the transaction, including the purchaser (in this case, Franklin Covey Company and Daytracker.com) and the seller(s) of the partnership interest. 2. Purchase Price: The agreement clearly states the agreed-upon purchase price for the partnership interest being sold. The price may be determined through negotiation or based on the appraised value of the partnership interest. 3. Payment Terms: The agreement specifies the payment terms, such as the mode of payment, payment schedule, and any applicable conditions for the release of payment. It may include terms like down payment, installment payments, or a lump sum payment. 4. Representations and Warranties: This section outlines the representations and warranties made by both the purchaser and the seller(s) regarding the partnership interest being purchased. It sets forth the accuracy of the information provided and protects all parties from any misrepresentations or inaccuracies. 5. Closing and Transfer of Interest: The agreement details the closing procedures and timelines for the transfer of the partnership interest. This includes any necessary documentation, approvals, or consents from relevant parties. 6. Post-Closing Covenants: It is common for the agreement to include post-closing covenants that specify obligations and responsibilities of each party after the transaction is completed. This section may cover matters such as confidentiality, non-compete agreements, and dispute resolution mechanisms. 7. Governing Law and Jurisdiction: The agreement will specify the governing law and the jurisdiction in which any legal disputes arising from the agreement will be resolved. In this case, it would likely reference the laws and jurisdiction of Travis County, Texas. It's important to note that the aforementioned content description outlines a generic Travis Texas Sample Partnership Interest Purchase Agreement. Different versions of this agreement may exist depending on the specific nature of the transaction and the parties involved. It is recommended that parties seek legal counsel to ensure the agreement accurately reflects their individual circumstances and objectives.