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Company Buyout Agreement
"I need a Company Buyout Agreement for the acquisition of a medium-sized tech company based in Manchester, with specific provisions for protecting the intellectual property rights and including a 12-month earn-out structure starting March 2025."
1. Parties: Identification of buyer, seller, and company being sold
2. Background: Context of the transaction and current company ownership structure
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core transaction terms including price and shares/assets being transferred
5. Completion: Timing and mechanics of the transfer
6. Warranties and Representations: Seller's assurances about the company's condition
7. Indemnities: Protection against specific identified risks
1. Non-Compete Provisions: Restrictions on seller's future business activities - used when protecting goodwill of the business being sold
2. Earn-out Provisions: Additional payments based on future performance - used when part of purchase price is contingent on future performance
3. Employee Matters: Specific provisions regarding staff transfer - used when significant employee considerations exist
1. Share Capital Schedule: Details of company's share structure
2. Warranty Schedule: Detailed warranties given by seller
3. Property Schedule: Details of company's real estate assets
4. Intellectual Property Schedule: List of IP rights owned by company
5. Material Contracts Schedule: Key commercial agreements
6. Completion Requirements: Detailed list of completion deliverables
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A legal agreement under English and Welsh law enabling one co-owner to buy out another's share in a property.
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