You can open the Partnership Buyout Agreement Template in multiple formats, including PDF, Word, and Google Docs.
Partnership Buyout Agreement Template Printable | Editable FormSample
[Name of the Partner Leaving]
[Partner’s ID]
[Partner’s Address]
[Partner’s Phone]
[Partner’s Email]
[Name of the Remaining Partner(s)]
[Partner’s ID]
[Partner’s Address]
This document formalizes the buyout arrangement between the departing partner and the remaining partner(s) effective as of [Effective Date], outlining the terms for the transfer of partnership interests.
The buyout is initiated due to: [Specify reason for departure].
The partners agree on a valuation method for the departing partner’s interest as follows: [Specify valuation method and formula].
The remaining partner(s) shall pay the departing partner the total buyout amount of [Amount] as follows: [Specify payment schedule and terms].
The departing partner agrees to assist in transitioning responsibilities for a period of [Specify duration], including but not limited to [Specify responsibilities].
Both parties agree to maintain confidentiality regarding the partnership operations and financial information post-buyout.
The remaining partner(s) agree to indemnify the departing partner against any liabilities arising from actions taken in the course of business after the effective date of this agreement.
This agreement shall be governed by the laws of [Jurisdiction].
[Signature of the Partner Leaving]
[Name of the Partner Leaving]
[Signature of the Remaining Partner(s)]
[Name of the Remaining Partner(s)]
[Name of the Partner Leaving]
[Partner’s ID]
[Partner’s Address]
[Partner’s Phone]
[Partner’s Email]
[Name of the Remaining Partner(s)]
[Partner’s ID]
[Partner’s Address]
This agreement is made to outline the terms and conditions under which [Name of the Partner Leaving] will sell their partnership interest to the remaining partner(s) as of [Effective Date].
The departing partner agrees to sell their [Specify percentage] interest in the partnership, which includes rights, obligations, and assets associated with their partnership stake.
The total amount to be paid to the departing partner for the buyout shall be [Amount], structured as follows: [Specify payment installment or lump sum agreement].
The partnership interest of the departing partner shall be deemed to be terminated as of [Effective Date], following the completion of payment as per the agreed terms.
The departing partner will not be responsible for any debts or liabilities incurred after the effective date of this agreement.
Both parties waive any future claims or liabilities against each other, except for those specifically outlined in this agreement.
Any amendments to this agreement must be made in writing and signed by all parties involved.
This agreement shall be interpreted in accordance with the laws of [Jurisdiction].
[Signature of the Partner Leaving]
[Name of the Partner Leaving]
[Signature of the Remaining Partner(s)]
[Name of the Remaining Partner(s)]
Form
Please complete the form below to create the Partnership 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. Partnership Buyout Agreement Template 1. Partner Information 2. Partnership Information 3. Details of the Buyout 4. Terms of Payment 5. Valuation of Partnership Interest 6. Confidentiality Agreement 7. Indemnification Clause 8. Restrictions on Future Competition 9. Governing Law 10. Signatures and Acceptance 11. Declaration and Signatures
PDF
WORD
Partnership Buyout Agreement Template Printable | Editable FormPrintable
