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Fill and Sign the Standard Buyers Confidentiality Agreement and Warranty Form

Fill and Sign the Standard Buyers Confidentiality Agreement and Warranty Form

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Open the document and fill out all its fields.
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SALE OF PARTNERSHIP INTEREST TO THIRD PARTY SB11 The Parties:SELLER__________________________________ BUYER___________________________________ Address___________________________________ Address_____________________________________________________________________________ __________________________________________City/County/State/Zip City/County/State/Zip__________________________________________ __________________________________________Partner 1 Partner 2AGREEMENT MADE - Recitals:1. Seller is a partner in the firm of __________________________________________________________________________________________________________________________________________________________ __Address/City/County/State/Zipestablished under an agreement dated _______________________.2. Seller desires to withdraw from the firm and sell his interest therein, and has the approval of Remaining Partners.3. Purchaser desires to buy Seller's partnership interest and become an active partner in the partnership.In consideration of the mutual covenants contained herein, the parties agree as follows:1. Seller shall sell his __________ per cent undivided interest in the partnership, including all partnership assets, liabilities, and rights to future profits, to Buyer for $_____________________, to be paid in equal monthly instalments, due on the _______ day of each month, commencing on ______________________.2. Purchaser shall receive all rights, title, and interest in Seller's partnership interest, and shall be entitled to participate equally in the operation and management of all partnership business with Remaining Partners. Purchaser specifically assumes all partnership liability for which Seller was previously liable.3. Remaining Partners approve the sale of the partnership interest by Seller to Purchaser and accept Purchaser as a substituted partner in the partnership. Remaining Partners agree to the assumption of liability by Purchaser and release Seller from all past and future liability on partnership debts.4. Purchaser shall endorse the original partnership agreement before becoming an active partner, and shall be bound by all the terms and conditions of the agreement as though he were an original party thereto.IN WITNESS WHEREOF, the parties have executed this agreement on the _______ day of _____________________________, 199___._____________________________________________ _____________________________________________ SELLER BUYERApproved: ______________________________________________ _____________________________________________Partner 1 Partner 2

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