Connecticut Buy Sell Agreement Package

Connecticut Buy Sell Agreement Package
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State:
Connecticut
Control #:
CT-P067-PKG
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Description

With this Buy-Sell Agreement Package, you will find the forms that are necessary for a future sale of a partner’s or shareholder's interest. In a buy-sell agreement, the party contractually limits his or her ability to dispose of his or her interest in the partnership or corporation to the terms of the agreement, and control of the partnership or corporation may be assured.

Included in your package are the following forms:

  1. Buy-Sell Agreement Between Shareholders of Corp
  2. Buy-Sell Agreement Between Partners of Partnership
  3. Non-Compete Agreement Between Buyer and Seller
  4. Buy-Sell or Stock Purchase Agreement Covering Common Stock in a Closely Held Corporation with an Option to Fund the Purchase Through Life Insurance
  5. Buy-Sell Clauses and Related Material

Detailed information on forms included:

  1. Buy-Sell Agreement Between Shareholders of Corp. - The purpose of this agreement is to provide for the sale by a stockholder during his/her lifetime, or by a deceased stockholder's estate, and to provide all or a substantial part of the funds for the purchase. The form contains the following provisions: total value of the capital stock, procedure upon the death of a stockholder, and amending procedures for the agreement.
  2. Buy-Sell Agreement Between Partners of Partnership - This form is an agreement in which the partners are engaged in a particular business and the purpose of this agreement is to provide for the sale by a partner during a partner's 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, and to provide all or a substantial part of the funds for the purchase.
  3. Non-Compete Agreement Between Buyer and Seller- In this form, the seller and purchaser agree not to compete with each other in the specified industry and territory for a certain time period. The form is designed to be adapted to fit your particular needs.
  4. Buy-Sell Clauses and Related Material - This form is a model adaptable for use in partnership matters, based on an example clause used by a 50-50 general partnership or limited liability company joint venture. Buy-sell device includes an auction procedure. Adapt the form to your specific needs and fill in the information.
  5. Buy-Sell or Stock Purchase Agreement Covering Common Stock in a Closely Held Corporation with an Option to Fund the Purchase Through Life Insurance- This form is set up as a Buy Sell Agreement between the Corporation and a key shareholder. It applies in the case of the death, disability, retirement or offer of shareholder to sell the stock during his lifetime.

How To Fill Out Connecticut Buy Sell Agreement Package?

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FAQ

Can you walk away from a purchase agreement?

Any purchase agreement should include at least the following information:

Can a seller back out of a purchase agreement?

Can I write my own purchase agreement?

How legally binding is a purchase agreement?

Can I change my mind after signing a purchase agreement?

Is a po a legally binding contract?

Where can I get a sales and purchase agreement?

How much does it cost for a purchase agreement?

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