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Buy Sell Agreement

November 23, 2011 by agri in Business Agreements with 0 Comments
A Buy Sell Agreement is a legal binding contract made between two co-owners of a business or an organization or company. Known as a buyout agreement, it emphasizes on plan of action if one of the owner dies or is forced to exit from the company or business or resigns from the company.

You can Download the Free Buy Sell Agreement customize it according to your needs and Print. Buy Sell Agreement is either in MS Word, Excel or in PDF.

Sample Buy Sell Agreement

Buy Sell Agreement

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This agreement is made between Owner and Co-Owner on the effective date of 12th November, 2011.

Owner represented by

Ms. Kelly Denver

Riverbrook Sports

Address: 372 Central Park West #20K, New York NY 10025

Contact number: (212) 557-4835

Co-owner represented by:

Ms. Julia Stiles

Riverbrook Sports

Address: 372 Central Park West #20K, New York NY 10025

Contact number: (212) 557-4836

Terms and Conditions:

  • The terms as well as the procedures set forth in this Buy Sell Agreement will apply to the transfer of various shares, certificates, and other financial documents either during life or at death as mentioned in Section 3 of this agreement.
  • To accomplish the purpose of the Voting Trust Agreement and the Buy Sell Agreement, any sale, transfer, assignment, encumbrance, hypothecation, or alienation, regardless of the circumstances, manner, nature, or timing, or such transfer, whether during life or at death of either shareholder (“owner or co-owner”) is void except as specifically mentioned herein.
  • Upon the death or resignation of either Shareholder (“owner or co-owner”), the other known as “Survivor” henceforth, shall have an obligation to purchase the “Deceased” under the terms set forth in this Buy Sell Agreement.
  • This Buy Sell Agreement supersedes all or any prior oral and written statements signed by the parties (“owner and co-owner”) with respect to this subject matter, and includes any prior statement, representation, warranty or condition. Any modification in this Buy Sell Agreement must be in writing and shall be signed by both or all parties involved.

IN WITNESS WHEREOF, the parties “Owner” and “Co-Owner” have executed this Business Separation Agreement as on the date set forth which is 11/12/2011 (MM/DD/YY).

SIGNED FOR AND ON BEHALF OF OWNER BY:

…………………………………………………………….

Name:

SIGNED FOR AND ON BEHALF OF CO-OWNER BY:

…………………………………………………………….

Name:


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