California Judicial Council Forms are pre approved pleadings for filing with the Court.
The California Constitution directs the Judicial Council to provide policy guidelines to the courts, make recommendations annually to the Governor and Legislature, and adopt and revise California Rules of Court in the areas of court administration, practice, and procedure.
Rule 10.1 - Authority, duties, and goals of the Judicial Council (a) The Judicial Council (1) The Judicial Council of California is a state entity established by the California Constitution and chaired by the Chief Justice of California.
The Judicial Council adopts legal forms in one of two ways. Under Government Code section 68511, the council may "prescribe" certain forms. Use of those forms is mandatory. The council may also "approve" forms.
Following are the key pieces of information that should be spelled out within the buy-sell agreement: List of triggering buyout events. List of partners or owners involved and their current equity stakes. A recent valuation of the company's overall equity. A funding instrument, such as life insurance policies.