US Legal Forms
Management Agreement and Option to Purchase and Own

All Business Purchase With No Money Down In Franklin

Q: What business can only Franklin buy?

Franklin&#039;s properties: Grove Street Garage ($30,000) LSPD Auto Impound ($150,000) Downtown Cab Co. ($200,000) Smoke on the Water ($204,000) Los Santos Customs ($349,000) Vespucci Helipad ($419,850) Hookies ($600,000) Los Santos International Hangar ($1,378,600)

Category:

Landlord Tenant - Property Management

State:

Multi-State

County:

Franklin

Control #:

US-00059

Format:

Instant download

Description

The Management Agreement and Option to Purchase outlines the terms between two parties for managing and potentially purchasing a business with no initial monetary investment required, specifically in Franklin. Key features include the appointment of a general manager, a detailed compensation structure based on net income, and responsibilities for repairs and maintenance of the business premises. The agreement grants the option to purchase the business, specifying conditions for exercising this option and payment terms. The duration of the agreement is defined along with termination provisions, including a clear procedure for ending the contract. Additionally, it ensures that the managing party has exclusive negotiating rights and may extend the agreement if necessary. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured framework for business management and acquisition, facilitating smooth negotiations and minimizing potential disputes.

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Form popularity

FAQ

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Franklin's properties: Grove Street Garage ($30,000) LSPD Auto Impound ($150,000) Downtown Cab Co. ($200,000) Smoke on the Water ($204,000) Los Santos Customs ($349,000) Vespucci Helipad ($419,850) Hookies ($600,000) Los Santos International Hangar ($1,378,600)

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