Llc Buyout Agreement Template

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LLC Buyout Agreement Template

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LLC Buyout Agreement Template (1)
Between:
[Name of the Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
And:
[Name of the Buying Member]
[Buying Member’s ID]
[Buying Member’s Address]
Introduction:
This LLC Buyout Agreement is made as of [Effective Date] by and between the members outlined above to formalize the buyout of [Selling Member’s Interest] from the LLC.
Clause 1: Description of Ownership
The selling member owns [% Ownership Percentage] of [LLC Name], and this agreement outlines the terms for the buyout of their interest.
Clause 2: Purchase Price
The total purchase price for the outlined ownership interest is agreed to be [Amount], payable as follows: [Specify payment terms].
Clause 3: Payment Method
The payment for the buyout shall be made via [Payment Method], within [Payment Timeframe] of the execution of this agreement.
Clause 4: Representations and Warranties
The selling member represents that they have the authority to sell the interest and that the LLC has no outstanding debts or obligations that would affect the buyout.
Clause 5: Indemnification
The buying member agrees to indemnify the selling member from any claims that arise post-sale regarding the ownership interest.
Clause 6: Governing Law
This agreement shall be governed by the laws of [State], and any disputes will be resolved within the courts of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Selling Member]
[Name of the Selling Member]
[Signature of the Buying Member]
[Name of the Buying Member]
LLC Buyout Agreement Template (2)
Between:
[Name of the LLC Member]
[Member’s ID]
[Member’s Address]
And:
[Name of the Remaining Member]
[Remaining Member’s ID]
[Remaining Member’s Address]
Introduction:
This Buyout Agreement establishes the terms for the sale of [Selling Member’s Ownership Interest] in [LLC Name] as of [Effective Date].
Clause 1: Membership Interest
The selling member holds a [% Ownership Percentage] ownership stake in the LLC, which is being sold to the remaining member.
Clause 2: Buyout Consideration
The consideration for this buyout shall be [Amount], payable under the following conditions: [Specify terms].
Clause 3: Closing Date
The closing of this transaction shall occur on or before [Closing Date], at which point payment will be made and interest transferred.
Clause 4: No Additional Claims
The selling member agrees that upon receipt of payment, no further claims regarding the LLC or its operations will be made against the remaining member.
Clause 5: Confidentiality
Both parties agree to maintain confidentiality regarding the terms of this agreement and any sensitive information pertaining to the LLC.
Clause 6: Amendments
Any modifications to this agreement must be made in writing and signed by both parties.
Signed in [City], [Date].
Sincerely,
[Signature of the Selling Member]
[Name of the Selling Member]
[Signature of the Remaining Member]
[Name of the Remaining Member]

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Please complete the form below to create the LLC 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 Buyout Agreement Template

1. Member Information


2. LLC Information


3. Buyout Details

4. Valuation of Membership Interest

5. Payment Terms

6. Conditions Precedent

7. Indemnification Clause

8. Governing Law

9. Signatures and Acceptance

10. Declaration and Signatures



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LLC Buyout Agreement Template

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Llc Buyout Agreement Template