Llc Membership Transfer Agreement Template

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LLC Membership Transfer Agreement Template

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LLC Membership Transfer Agreement Template (1)
Between:
[Name of the Current Member]
[Current Member’s ID]
[Current Member’s Address]
[Current Member’s Phone]
[Current Member’s Email]
And:
[Name of the New Member]
[New Member’s ID]
[New Member’s Address]
Company Name:
[Name of the LLC]
Effective Date:
This agreement shall be effective on [Effective Date].
Introduction:
This document serves to outline the terms and conditions under which the membership interest in [Name of the LLC] is transferred from the Current Member to the New Member.
Clause 1: Membership Interest Description
The Current Member is transferring a [% Ownership Interest] in [Name of the LLC].
Clause 2: Purchase Price
The total purchase price for the membership interest is [Amount], to be paid as follows: [Specify payment terms].
Clause 3: Representations and Warranties
The Current Member represents that they have the authority to transfer the membership interest and that the LLC is in good standing under state law.
Clause 4: Indemnification
The Current Member agrees to indemnify the New Member against any losses arising from any breach of the representations and warranties made herein.
Clause 5: Governing Law
This agreement will be governed by the laws of the state of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Current Member]
[Name of the Current Member]
[Signature of the New Member]
[Name of the New Member]
LLC Membership Transfer Agreement Template (2)
Between:
[Name of the Current Member]
[Current Member’s ID]
[Current Member’s Address]
[Current Member’s Phone]
[Current Member’s Email]
And:
[Name of the New Member]
[New Member’s ID]
[New Member’s Address]
Company Name:
[Name of the LLC]
Effective Date:
This agreement shall be effective as of [Effective Date].
Purpose:
This agreement outlines the transfer of membership rights from the Current Member to the New Member in accordance with the operating agreement of the LLC.
Clause 1: Description of Membership Interest
The Current Member is conveying a [% Ownership Interest] in [Name of the LLC], including all associated rights and benefits.
Clause 2: Payment for Membership Interest
The New Member agrees to pay the Current Member a total of [Amount] as consideration for the membership interest, which will be paid in the following manner: [Specify terms].
Clause 3: Current Member’s Assurance
The Current Member assures that the LLC has not incurred any debts or liabilities that might adversely affect the New Member’s position post-transfer.
Clause 4: Binding Effect
This agreement shall be binding upon the parties hereto and their respective heirs, successors, and assigns.
Clause 5: Amendments
No modifications or amendments to this agreement shall be effective unless in writing and signed by both parties.
Signed in [City], [Date].
Sincerely,
[Signature of the Current Member]
[Name of the Current Member]
[Signature of the New Member]
[Name of the New Member]

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

LLC Membership Transfer Agreement Template

1. Transferor Information


2. Transferee Information


3. LLC Information


4. Details of Membership Transfer

5. Purchase Price

6. Payment Terms

7. Representations and Warranties

8. Indemnification

9. Governing Law

10. Signatures and Acceptance

11. Declaration and Signatures



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LLC Membership Transfer Agreement Template

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Llc Membership Transfer Agreement Template