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Preview - LLC Share Purchase Agreement Form
LLC Share Purchase Agreement Template
This LLC Share Purchase Agreement ("Agreement") is made and entered into as of [Date], by and between [Seller's Name], located at [Seller's Address] ("Seller"), and [Buyer's Name], located at [Buyer's Address] ("Buyer"). This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
1. Purchase and Sale of Shares
The Seller agrees to sell, transfer, and convey to the Buyer, and the Buyer agrees to purchase from the Seller, [Number of Shares] of membership interest in [LLC Name], a limited liability company organized under the laws of the State of [State] (the "Shares").
2. Purchase Price
The total purchase price for the Shares shall be [Total Purchase Price], payable in full at the closing of this transaction. Payment shall be made by [Payment Method].
3. Closing
The closing of the transaction (the "Closing") shall take place on [Closing Date], at [Closing Location]. At the Closing, the Seller shall deliver the Shares to the Buyer free and clear of all liens, claims, or encumbrances. The Buyer shall pay the Purchase Price at the same time.
4. Representations and Warranties
Both parties acknowledge that they have full power to enter into this Agreement and that this Agreement constitutes a valid and binding obligation.
- The Seller represents that they are the sole owner of the Shares.
- The Buyer represents that they have the necessary funds to complete the purchase.
5. Indemnification
Each party agrees to indemnify, defend, and hold the other harmless from any claims arising out of their respective representations and warranties made in this Agreement.
6. Governing Law
This Agreement shall be governed by the laws of the State of [State], without regard to its conflict of laws principles.
7. Entire Agreement
This document constitutes the entire agreement between the parties regarding the subject matter herein and supersedes all prior agreements and understandings, whether written or oral.
IN WITNESS WHEREOF, the parties have executed this LLC Share Purchase Agreement as of the date first above written.
_________________________
Seller's Signature
_________________________
Buyer's Signature
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Similar forms
- Stock Purchase Agreement: This document outlines the terms and conditions for the purchase of shares in a corporation. Like the LLC Share Purchase Agreement, it details the sale price and obligations of both parties.
- Membership Interest Purchase Agreement: This agreement is used when purchasing membership interests in an LLC. It serves a similar purpose by defining the rights and responsibilities of the buyer and seller.
- Asset Purchase Agreement: This document details the sale of specific assets of a business rather than shares. It shares similarities in structure and purpose, focusing on the transfer of ownership and terms of sale.
- Partnership Buy-Sell Agreement: This agreement governs the sale of a partner's interest in a partnership. It is similar in that it establishes terms for transferring ownership and protects the interests of remaining partners.
- Shareholder Agreement: This document outlines the rights and obligations of shareholders in a corporation. It is comparable in that it addresses ownership issues and outlines procedures for buying or selling shares.
- Investment Letter of Intent: For those preparing to invest, our comprehensive Investment Letter of Intent resources help clarify the intentions and terms that will guide formal agreements.
- Joint Venture Agreement: This agreement is used when two or more parties collaborate on a specific project. It shares similarities with the LLC Share Purchase Agreement by defining contributions and profit-sharing arrangements.
- Confidentiality Agreement: Often used in conjunction with purchase agreements, this document protects sensitive information shared during negotiations. It serves a similar purpose in ensuring privacy during the transaction process.
- Letter of Intent: This preliminary document outlines the basic terms of a proposed transaction. It is similar in that it sets the stage for a more detailed agreement, such as the LLC Share Purchase Agreement.