The Business Buy Out Agreement serves as the primary document governing the sale and purchase of a business in the United States. It is essential when one party wishes to acquire another's business interests, whether through an asset sale or stock purchase. This agreement typically includes detailed provisions about valuation, payment structure, transferred assets and liabilities, representations and warranties, and post-closing obligations. It must comply with both federal and state-specific regulations, including securities laws, tax implications, and industry-specific requirements. The document is crucial for protecting both parties' interests and ensuring a smooth transition of ownership.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let ¶¶Òõ¶ÌÊÓƵ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of all parties involved in the buyout, including legal entities and their representatives
2. Background/Recitals: Context of the agreement, including business description and reason for buyout
3. Definitions: Key terms used throughout the agreement
4. Purchase Price and Payment Terms: Detailed breakdown of consideration and payment structure
5. Closing Conditions: Prerequisites that must be met before the transaction can close
6. Representations and Warranties: Statements of fact by both parties about the business and transaction
7. Covenants: Ongoing obligations of the parties
1. Employee Matters: Terms relating to existing employees and their transfer or retention
2. Non-Compete Provisions: Restrictions on seller's future business activities to protect buyer's interests
3. Earn-Out Provisions: Additional payments based on future performance metrics
4. Transition Services: Support services to be provided by seller post-closing
1. Asset Schedule: Detailed list of assets being transferred in the transaction
2. Excluded Assets Schedule: List of assets explicitly excluded from the transaction
3. Assumed Liabilities Schedule: List of liabilities being assumed by buyer
4. Material Contracts Schedule: List of important contracts being transferred
5. Intellectual Property Schedule: List of IP assets being transferred
6. Employee Schedule: List of employees and their key terms of employment
7. Due Diligence Checklist: Comprehensive list of documents reviewed during due diligence
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Business Buy Out Agreement
A U.S.-governed agreement that establishes terms for the purchase and sale of a business or business interests.
find out more
Buyout Agreement For House
A U.S.-governed legal agreement facilitating the transfer of property ownership between co-owners through a buyout process, conforming to federal and state property laws.
find out more
Real Estate Buy Out Agreement
A U.S.-governed agreement facilitating the purchase and transfer of real property interests between parties.
find out more
Llc Buyout Agreement
A U.S.-governed agreement facilitating the purchase and sale of LLC membership interests, outlining terms, conditions, and obligations of the buyout transaction.
find out more
Partner Buyout Agreement
A U.S.-governed legal agreement that documents the terms and conditions for one partner's exit from a business through the sale of their ownership interest to remaining partners.
find out more
Business Buyout Agreement
A U.S.-governed agreement outlining terms and conditions for the purchase and sale of a business, including purchase price, transferred assets/shares, and post-closing obligations.
find out more
Co Founder Exit Agreement
A U.S.-governed agreement that formalizes a co-founder's exit from a company, including equity transfers, obligations, and separation terms.
find out more
Equity Buyout Agreement
A U.S.-governed agreement documenting the purchase and sale of equity interests in a business entity, including terms, conditions, and obligations of all parties.
find out more
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)