All Business Purchase With Jeffrey Hayzlett In Harris

• Category: Landlord Tenant - Property Management
• State: Multi-State
• County: Harris
• Control #: US-00059
• Format: Word; Rich Text

Description

The document outlines a Management Agreement and Option to Purchase between two parties regarding the operation of a specific business in Harris. Key features include a defined term of management, duties of the manager, and compensation based on net income, ensuring clear financial expectations between the parties. The agreement also delineates repair responsibilities and termination conditions, providing flexibility and protection for both parties. Notably, it grants an option to purchase the business's assets, specifying the terms and process for exercising this option, which enhances strategic planning for the parties involved. The agreement mandates that all liabilities not assumed by the buyer are to be indemnified by the seller, addressing potential legal issues upfront. For attorneys, partners, and business owners, this form serves as a comprehensive tool for managing operational control while establishing clear paths for business transactions. Paralegals and legal assistants will find the structure of this agreement beneficial for drafting and editing legal documents, as it provides a clear template that can be customized for various business scenarios.