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* Agreement
of Purchase and Sale of Shares
If your
business has been a success, you've probably had to pour most of your time, energy,
and money into it for what may seem like forever. You may see your company as
an extension of yourself, and it may be hard to even imagine life without it.
In some cases your entire family may have depended on the business, discussed
it endlessly around the dinner table, used it as an education and a proving ground
for the children, and practically made it into another family
member! On the other hand, your business may have
been only marginally successful, and something you can't wait to get rid of. Or,
perhaps you entered into the business with the idea that it would be a short-term
opportunity and that you'd sell out whenever you got a decent offer. Whatever
your situation, selling your business will be one of the most important things
you'll ever do, because unlike virtually every other business decision you've
made over the years, you'll only do this once. You get a single chance to put
a price tag on possibly years and years of effort — and once you sign the
sales documents, it's over. We have covered all major issues
when selling a company in our "agreement to sell a business". In
the sale of a business, a buy-sell agreement preserves continuity of ownership
in the business and insures that everyone is fairly treated, the buyer as well
as the seller. It is a binding contract between business partners or shareholders
about the future ownership of the business. A buy-sell agreement is made up of
several legally binding clauses in a business partnership or operating agreement
(or it can be a separate agreement that stands on its own)
that can control the following business decisions: - Who
can buy a departing partner's or shareholder's share of the business (this may
include outsiders or be limited to other partners/shareholders);
- What
events will trigger a buyout, and;
- What price will be
paid for a partner's or shareholder's interest in the partnership and so on.
Size
: 41 kb
Words : 2448
Pages. : 6
Language : English
Document type
: .doc (Microsoft Word)
DOWNLOAD
"AGREEMENT OF PURCHASE AND SALE OF SHARES", CLICK HERE 
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- the Netherlands
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