Buyout Agreement Buy Sell Agreement Template

Our buy sell agreement template is simple to use and is suitable for any state or number of owners.

Buyout agreement buy sell agreement template. The sample buy sell agreement below details an agreement between the shareholders of abc inc regarding the buying and selling of shares of the company. Sample buy sell agreement should be reviewed by an attorney familiar with the laws in your state before using for your business. Owner and collectively the owners. Sample buy sell agreement the price to be paid the manner of payments and other terms of the purchase shall be according to the agreement price and payment terms sections of this agreement.

An llc buyout agreement template provides a framework for the legal paperwork that makes up an llc buyout agreement. Buy sell agreement is contract between business owners that regulates the situation if a co owner expires voluntarily leaves business or is forced to withdraw. Stockholders will sell their stock in accordance with the provisions of this agreement. The purpose of this agreement is 1 to provide for the sale by a partner during 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.

The shareholders agree to the terms under which shares can be transferred and any restrictions there may be when transferring shares. If any stockholder wishes to sell all or any part of his capital stock to a third party and has not received the corporation s prior consent. The owners own all of the outstanding common stock of the company the units and desire to promote and protect their mutual interests and the interests of the company. And 2 to provide all or a substantial part of the funds for the purchase.

Buy sell agreements often called buyout agreements protect the future of your business by legally documenting what will happen if an owner must sell or relinquish their part of the company. It is agreed as follows. You can also sales agreement templates. An owner who stops working for the company is referred to as a retiring owner below.

25 buy sell agreement templates word pdf. A buy sell agreement or a buyout agreement is a common contract between owners of a business. These documents govern what happens in various situations including if an owner wants to voluntarily sell their ownership. A buy sell agreement is a document used when a company wishes to make an agreement with the owners of the company on how their interest in the company called ownership units may be sold or transferred.

It provides for the sale of an owner s shares in a variety of common situations. Buy sell agreement pdf sample.