Equity Agreement Form Contract With Nike In Utah

State:
Multi-State
Control #:
US-00036DR
Format:
Word; 
Rich Text
Instant download

Description

The Equity Agreement Form Contract with Nike in Utah outlines the terms under which two parties, referred to as Alpha and Beta, invest in a residential property. This contract underscores the purchase price, down payment distribution, and financial responsibilities, including shared expenses like escrow and taxes. It establishes the intent to create an equity-sharing venture, with detailed investment amounts and loan provisions as necessary. The form details the rights and responsibilities of both parties, including occupancy direction, the process for distributing proceeds upon sale, and provisions for potential issues like death or disputes. The targeted audience, including attorneys, partners, owners, associates, paralegals, and legal assistants, can utilize this form to facilitate real estate investments collaboratively. They can fill it out to ensure legal protection and clarity in contributions and returns, ultimately streamlining the equity-sharing process while adhering to Utah's specific legal requirements.
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FAQ

Equity agreements allow entrepreneurs to secure funding for their start-up by giving up a portion of ownership of their company to investors. In short, these arrangements typically involve investors providing capital in exchange for shares of stock which they will hold and potentially sell in the future for a profit.

A transfer agreement is a legally binding document that conveys ownership from one person or entity to another. Transfer agreements are used to sell real estate, businesses, and other tangible assets as well as intellectual property such as computer code, song lyrics, and industrial processes.

A company provides you with a lump sum in exchange for partial ownership of your home, and/or a share of its future appreciation. You don't make monthly repayments of principal or interest; instead, you settle up when you sell the home or at the end of a multi-year agreement period (typically between 10 and 30 years).

An Equity Transfer occurs when you merge, consolidate or issue additional Equity Interests in a transaction which would have the effect of diluting the voting rights or beneficial ownership of your owners' combined Equity Interests in the surviving entity to less than a majority.

A Equity Interest Transfer Agreement is a legal document used to transfer ownership of equity interests in a company.

Unlike HELs and HELOCs, home equity agreements aren't loans. That means there are no monthly payments or interest charges..

Home equity sharing may also be wise if you don't want extra debt reflected on your credit profile. "These agreements allow homeowners to access their home equity without incurring additional debt," says Michael Crute, a real estate agent and operations strategist with Keller Williams in Atlanta.

Elliott Hill, president and CEO of Nike, Inc. It's not often that an intern ends up running their workplace. Elliott Hill is among the lucky few who'll get that chance. Hill, 60, was named Nike's new CEO on September 19.

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Equity Agreement Form Contract With Nike In Utah