You can open the LLC Partner Buyout Agreement Template in multiple formats, including PDF, Word, and Google Docs.
LLC Partner Buyout Agreement Template Printable | Editable FormSample
[Name of the Buying Partner]
[Buying Partner’s ID]
[Buying Partner’s Address]
[Buying Partner’s Phone]
[Buying Partner’s Email]
[Name of the Selling Partner]
[Selling Partner’s ID]
[Selling Partner’s Address]
This document formalizes the agreement for the buyout of the Selling Partner’s membership interest in [LLC Name], effective as of [Effective Date].
The Selling Partner agrees to sell, and the Buying Partner agrees to purchase, [Specify Percentage or Number of Units] of the Selling Partner’s membership interest in the LLC.
The total purchase price for the membership interest shall be [Amount], payable as follows: [Specify payment terms, due dates, and conditions].
The Selling Partner represents that they hold the interest being sold free of any liens, claims, or encumbrances; and the LLC is in good standing in its state of formation.
The closing of the transaction will occur on [Closing Date], at which time the Selling Partner will transfer their interest to the Buying Partner.
The Selling Partner agrees to indemnify and hold harmless the Buying Partner from any claims arising from events prior to the closing date.
Both parties agree to keep the terms of this agreement confidential and refrain from discussing it with any third parties without consent.
This agreement will be governed by and construed in accordance with the laws of [State/Jurisdiction].
[Signature of the Buying Partner]
[Name of the Buying Partner]
[Signature of the Selling Partner]
[Name of the Selling Partner]
[Name of the Buying Partner]
[Buying Partner’s ID]
[Buying Partner’s Address]
[Buying Partner’s Phone]
[Buying Partner’s Email]
[Name of the Selling Partner]
[Selling Partner’s ID]
[Selling Partner’s Address]
This buyout agreement outlines the terms under which the Selling Partner will transfer their membership interest in [LLC Name] to the Buying Partner, effective as of [Effective Date].
The Selling Partner agrees to sell a total of [Specify Percentage or Number of Units] of their membership interest.
The purchase price for the membership interest is set at [Amount], payable in the following manner: [Specify any installment payments or terms].
The Buying Partner will assume the liabilities associated with the membership interest from the closing date forward.
This buyout will take effect on [Effective Date], subject to the successful completion of all conditions precedent.
The Selling Partner affirms that this agreement aligns with the LLC’s operating agreement and other governing documents.
Any disputes arising from this agreement will be resolved through [Mediation/Arbitration] in accordance with the laws governing [State/Jurisdiction].
[Signature of the Buying Partner]
[Name of the Buying Partner]
[Signature of the Selling Partner]
[Name of the Selling Partner]
Form
Please complete the form below to create the LLC Partner Buyout Agreement Template. All fields must be filled out to ensure a clear and comprehensive agreement. We provide examples to guide you through each step. LLC Partner Buyout Agreement Template 1. LLC Information 2. Partner Information 3. Remaining Partners’ Information 4. Buyout Structure 5. Valuation Method 6. Payment Terms 7. Agreement of Terms 8. Confidentiality Clause 9. Indemnification Clause 10. Signatures and Acceptance 11. Declaration and Signatures
PDF
WORD
LLC Partner Buyout Agreement Template Printable | Editable FormPrintable
