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.
Bellevue Washington Buy Sell Agreement Package is a comprehensive legal document package designed to facilitate the smooth transfer of ownership in various business scenarios in the Bellevue, Washington area. This package includes all the necessary legal agreements, contracts, and forms required for a buy-sell transaction between parties involved in the buying and selling process. The Bellevue Washington Buy Sell Agreement Package caters to different types of buy-sell agreements, depending on the specific circumstances and nature of the business transaction. Some commonly available variations of this package include: 1. Cross-Purchase Agreement: This agreement is typically used in small businesses with multiple owners or partners. It allows each owner to agree to purchase the shares or interest of another owner upon certain triggering events, such as retirement, disability, death, or voluntary exit from the business. The package includes the necessary legal documents to outline the terms and conditions of this arrangement. 2. Stock Redemption Agreement: This agreement is more applicable to corporations, where the company itself agrees to purchase the shares of a departing or deceased shareholder. The Bellevue Washington Buy Sell Agreement Package offers comprehensive templates and forms for this type of agreement, ensuring a clear understanding of the process and protecting the rights and obligations of all parties involved. 3. Hybrid Agreement: In some cases, a combination of both cross-purchase and stock redemption elements may be required. This type of agreement caters to businesses with a mix of individual and corporate owners. The Bellevue Washington Buy Sell Agreement Package provides provisions and clauses to address such complexities, ensuring a customized solution for the specific business structure. The Bellevue Washington Buy Sell Agreement Package offers a user-friendly approach, simplifying the often complex legal aspects of buy-sell transactions. It includes detailed instructions, sample clauses, and customizable templates to ensure the agreement accurately reflects the desires and intentions of the parties involved in the transaction. By utilizing this package, individuals and businesses in Bellevue, Washington can confidently navigate the buy-sell process while protecting their rights and interests.
