Partner Buyout Agreement Template

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Partner Buyout Agreement Template

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Partner Buyout Agreement Template (1)
Between:
[Name of Partner 1]
[Partner 1’s ID]
[Partner 1’s Address]
[Partner 1’s Phone]
[Partner 1’s Email]
And:
[Name of Partner 2]
[Partner 2’s ID]
[Partner 2’s Address]
Introduction:
This agreement details the terms under which [Name of Partner 1] will buy out the partnership interest of [Name of Partner 2] effective as of [Effective Date].
Clause 1: Buyout Terms
The buyout amount is agreed upon as [Amount], to be paid in [Specify payment terms].
Clause 2: Valuation of Partnership Interest
The partners agree that the valuation of [Name of Partner 2]’s interest in the partnership will be determined based on [Specify valuation method].
Clause 3: Rights and Obligations
Upon closing of the buyout, [Name of Partner 1] assumes [Partner 2]’s obligations as they relate to the partnership.
Clause 4: Confidentiality
Both partners agree to keep all details of this agreement confidential, along with any sensitive business information.
Clause 5: Governing Law
This agreement shall be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of Partner 1]
[Name of Partner 1]
[Signature of Partner 2]
[Name of Partner 2]
Partner Buyout Agreement Template (2)
Between:
[Name of Partner 1]
[Partner 1’s ID]
[Partner 1’s Address]
[Partner 1’s Phone]
[Partner 1’s Email]
And:
[Name of Partner 2]
[Partner 2’s ID]
[Partner 2’s Address]
Introduction:
This Partner Buyout Agreement outlines the conditions under which [Name of Partner 1] shall acquire [Name of Partner 2]’s share in the partnership effective [Effective Date].
Clause 1: Payment Structure
[Name of Partner 1] agrees to pay a total sum of [Amount] in the following installments: [Detail payment schedule].
Clause 2: Determination of Value
The partners agree on the following process for assessing the value of [Name of Partner 2]’s partnership interest: [Specify valuation criteria].
Clause 3: Assumption of Liabilities
Following the buyout, [Name of Partner 1] will undertake all existing liabilities of the partnership attributed to [Name of Partner 2].
Clause 4: Non-Disclosure Agreement
Both partners commit to ensuring that all proprietary information remains confidential after the buyout.
Clause 5: Dispute Resolution
Should any disputes arise from this agreement, both parties agree to resolve them through mediation in [Specify location].
Signed in [City], [Date].
Sincerely,
[Signature of Partner 1]
[Name of Partner 1]
[Signature of Partner 2]
[Name of Partner 2]

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Please complete the form below to create the Partner Buyout Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Partner Buyout Agreement Template

1. Partner Information


2. Buying Partner Information


3. Agreement Details

4. Payment Terms

5. Valuation Method

6. Rights and Obligations

7. Non-Compete Clause

8. Confidentiality Agreement

9. Governing Law

10. Signatures and Acceptance

11. Declaration and Signatures



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Partner Buyout Agreement Template

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Partner Buyout Agreement Template