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Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse

State:
Multi-State
Control #:
US-0391BG
Format:
Word; 
Rich Text
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Description

This type of stock purchase and transfer agreements may be between the corporation and the shareholders. Such an agreement is also referred to as a redemption agreement. If this type of agreement is among the shareholders, it is often referred to as a cross purchase agreement.
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  • Preview Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse
  • Preview Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse
  • Preview Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse
  • Preview Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse
  • Preview Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse
  • Preview Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse
  • Preview Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse
  • Preview Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse
  • Preview Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse
  • Preview Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse
  • Preview Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse

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FAQ

Identity of the Parties/Date of Agreement. The first topic a sales contract should address is the identity of the parties. Description of Goods and/or Services. A sales contract should also address what is being bought or sold. Payment. Delivery. Miscellaneous Provisions. Samples.

A buy and sell agreement is a legally binding contract that stipulates how a partner's share of a business may be reassigned if that partner dies or otherwise leaves the business. Most often, the buy and sell agreement stipulates that the available share be sold to the remaining partners or to the partnership.

A stock purchase agreement is an agreement wherein the owner of shares of stock (the Seller) agrees to sell the stock to a buyer (the Purchaser). Generally, this type of form is used for the stock of a small corporation. Both federal and state securities laws govern the sale of stock.

Most Common Uses of a Buy-Sell Agreement The buyout agreement stipulates what types of events trigger the contract. Each agreement is laid out to best meet the needs of each particular company. It can include specifications about who can buy stocks and the type of life situation that would trigger a buyout.

A buy-sell agreement consists of three common elements: a triggering event, a valuation method and a funding strategy.

Depending on your situation, plans and the number of partners, the cost of drafting a buy-sell agreement can vary. When you hire a lawyer in the Priori network, drafting a buy-sell agreement typically costs anywhere from $1000-$5000.

Agreed value. You can set a value in the buy-sell agreement. Book value. Multiple of book value. Appraised value.

A buy and sell agreement is a legally binding contract that stipulates how a partner's share of a business may be reassigned if that partner dies or otherwise leaves the business.The buy and sell agreement is also known as a buy-sell agreement, a buyout agreement, a business will, or a business prenup.

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Shareholders Buy Sell Agreement of Stock in a Close Corporation with Agreement of Spouse