Fill and Sign the Dissolving Business Form

Agreement Dissolving Business Interest in Connection with Certain Real Property Agreement made on the ________________________________ (date) , between _________________________________ (Name of Party A) of __________________________ ______________________________________________________________________________ (street address, city, county, state, zip code) , referred to herein as Party A , and _________________________________ (Name of Party B) , a corporation organized and existing under the laws of the state of ____________________, with its principal office located at ____________________________________________________________________________ _________________ (street address, city, county, state, zip code) , referred to herein as Party B ; Whereas, Party A and Party B were formerly joint owners of the real property (the Property ) described in the deed attached hereto as Exhibit A ; and Whereas, Party A and Party B used said Property in their business of (describe business) _________________________________________________________________________; and Whereas, Party A and Party B wish to dissolve their mutual business interest in connection with the Property by having Party A purchase the interest of Party B in the Property ; and Whereas, an evaluation of that interest has been made and agreed on between the parties, and the value of the interest has been determined to be $________________; and Whereas, Party A has agreed to pay all bills or debts due in connection with the Property to date and to indemnify Party B against any cost or damages on account of any unpaid bills and/or debts in connection with the Property . Now, therefore, for and in consideration of the mutual covenants contained in this agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 1. Party A will pay to Party B the sum of $_____________ as follows: $____________ at the time of the execution of this Agreement, and the balance in equal installments of $ ____________ each due on the day of each month commencing on ____________________________ (date) , and continuing through the final payment due on ____________________________ (date) . 2. Party B hereby assigns and conveys to Party A all of the rights, title to and interest in the Property as well as any and all goods, credits and effects in connection with the business said Property was used for by the parties. WITNESS our signatures as of the day and date first above stated. _________________________________ (Name of Party B) _________________________________ By: _______________________________ _________________________________ __________________________________ (P rinted or typed name) (P rinted or typed name) _________________________________ __________________________________ (Signature of Party A) __________________________________ (Name and Office in Corporation) STATE OF ______________________ COUNTY OF ____________________ Personally appeared before me, the undersigned authority in and for the said county and state, on this _____ day of ______________________, 20____, within my jurisdiction, the within named, _____________________________________ (Name of Party A) , who acknowledged that he executed the above and fore going instrument. ______________________________ NOTARY PUBLIC My Commission expires: ______________________ STATE OF _____________________ COUNTY OF __________________ Personally appeared before me, the undersigned authority in and for the said county and state, on this ____ day of ______________________, 20____, within my jurisdiction, the within named _________________________________ (Name of Officer) , who acknowledged that he is __________________________________ (Name of Office) of ___________________ _____________ (Name of Party B) , a _________________________________ (name of state) corporation, and that for and on behalf of the said corporation, and as its act and deed he executed the above and foregoing instrument, after first having been duly authorized by said corporation so to do. ______________________________ NOTARY PUBLIC My Commission expires: _______________________ Note: Acknowledgments forms may vary by state. Attach Exhibit A