Massachusetts Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al

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Multi-State
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US-EG-9054
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Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.Com, Scot Robinson and Michael Barlow dated December 8, 1999. 34 pages

A Massachusetts Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al. is a legally binding contract that outlines the terms and conditions of selling or purchasing partnership interests between these entities. This specific agreement is designed to be used within the state of Massachusetts, ensuring compliance with the state's laws and regulations. The partnership interest purchase agreement includes relevant keywords such as: 1. Partnership: The agreement defines the partnership between Franklin Covey Company and Daytracker.com, et al., establishing roles, responsibilities, and ownership interests. 2. Purchase: The agreement outlines the purchase of partnership interests, including the number of shares, unit prices, and total consideration involved. 3. Interest: The agreement specifies the transfer and sale of partnership interests, including any rights, privileges, and obligations associated with these interests. 4. Agreement: The document highlights the mutual understanding and consensus reached between the parties involved, ensuring the legality and enforceability of the terms. 5. Franklin Covey Company: As a party to the agreement, Franklin Covey Company's rights and interests are protected, detailing the terms under which the purchase will take place and any subsequent conditions or obligations. 6. Daytracker.com, et al.: This phrase refers to the other party/parties involved in the partnership interest purchase agreement, their respective rights, and obligations during the purchase process. 7. Massachusetts: As the jurisdiction where the agreement will be executed, this keyword indicates that the agreement is specifically designed to comply with Massachusetts state laws and regulations. Different types of Massachusetts Sample Partnership Interest Purchase Agreements can vary depending on specific details, such as: 1. Purchase and Sale Terms: The agreement may outline different terms regarding the purchase of partnership interests, including payment methods, deal structures, and pricing mechanisms. 2. Legal Covenants: The agreement may include clauses addressing non-disclosure, non-compete, or non-solicitation agreements to protect the parties involved from potential harm or unfair competition. 3. Due Diligence and Representations: In some cases, the agreement may require the selling party to provide detailed information about the partnership's financials, assets, liabilities, and any pending legal matters to ensure transparency and mitigate risks for the buyer. 4. Closing and Post-Closing Obligations: The agreement may specify the conditions required for closing the purchase, such as obtaining necessary approvals or consents. It may also outline any ongoing obligations of the parties after the transaction is complete. 5. Dispute Resolution: The agreement may include provisions for dispute resolution, such as arbitration or mediation, to resolve any conflicts that may arise in the future. In conclusion, a Massachusetts Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al. serves as a comprehensive legal document that establishes the terms, conditions, and obligations regarding the sale and purchase of partnership interests in compliance with Massachusetts state laws.

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  • Preview Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al
  • Preview Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al
  • Preview Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al
  • Preview Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al
  • Preview Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al
  • Preview Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al
  • Preview Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al
  • Preview Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al
  • Preview Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al
  • Preview Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al
  • Preview Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al

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FAQ

In the case of a sale or exchange of an interest in a partnership, liabilities shall be treated in the same manner as liabilities in connection with the sale or exchange of property not associated with partnerships.

Form 8308, Report of a Sale or Exchange of Certain Partnership Interests is completed only if there was a sale or exchange of partnership interest when any money or other property received in exchange for that interest is attributable to unrealized receivables or inventory items (also known as a Section 751(a) exchange ...

Gain Realized Generally, a partner selling his partnership interest recognizes capital gain or loss on the sale. The amount of the gain or loss recognized is the difference between the amount realized and the partner's adjusted tax basis in his partnership interest.

? Review Schedule D, Form 8949 and Form 4797 to determine the amount of gain or loss the partner reported on the sale of the partnership interest. After determining a partner sold its interest in the partnership, establish other relevant facts that can impact the tax treatment of this transaction.

Sale of a partnership interest generally gives the selling partner capital gain. Section 751, however, recharacterizes a portion of the amount realized as ordinary income to the partner, at times even in the absence of realized gain.

A sale of a partnership interest occurs when one partner sells their ownership interest to another person or entity. The partnership is generally not involved in the transaction.

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Download the document. After the Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al is downloaded you are ... (a). Buyer shall pay to Sellers as consideration for the sale of the Partnership Interests to Buyer an aggregate amount equal to 1.1% of the "net sales proceeds ...The completion of the purchase, sale and assignment of the Purchased Interest (the “Closing”) shall occur immediately following the closing contemplated in ... In December 1999, Franklin Covey acquired a majority interest in Daytracker.com, an on-line planning company. The Daytracker.com web site has been the basis for ... Stock Purchase Agreement Each Purchaser understands and agrees that the conversion of the Notes into equity securities of the Company will require such ... ... Out of the Blue|Joeli J. Baldwin, Everlasting Fate: The third and final book ... Et Americaines D'aujourd'hui (Bilingue)|O'Henry, Bridge Squeezes for ... The 2011-2016 World Outlook for Motor Vehicle Body and Trailer Manufacturing ... et al Syvitski. The Serendipitous Trip to Just Right|Chester Randolph, TOEFL ... ... - An Owner's Manual: The Basics|Mr. Paul E. Troutman Jr.. State of the Union Addresses of Franklin D. Roosevelt (The Echo Library)|Franklin D. Roosevelt, The ... The Lives Of The Most Eminent British Painters And Sculptors, Volume 4|Allan ... Massachusetts Supreme Court! Turkey and Its Resources: Its Municipal ... ... in Ghana (Centre for development research publications)|Jette Bukh, Summertime Learning Grd 3 - Spanish Directions|Teacher Created Resources Staff, Out and ...

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Massachusetts Sample Partnership Interest Purchase Agreement between Franklin Covey Company, Daytracker.com, et al