Products tagged with 'partnership form'
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Collateral Trust Agreement between Partners
Prepare a Collateral Trust Agreement Between Partners with this downloadable template for a two-person partnership.
- One partner appoints a trustee to hold a life insurance policy or policies on the life of the other partner in trust on the partner's behalf.
- Upon the death of the insured partner, the partner agrees to purchase the insured partner's interest, using the proceeds from the insurance policy / policies.
- The trustee will hold the insurance policy / policies in trust, but the partner will receive all dividends.
- The partner will pay the trustee a yearly fee for acting as trustee.
- This legal form template is fully editable and can be easily customized to meet your needs.
- This is a generic form which does not contain references to the laws of any particular country and can be used in many countries and jurisdictions.
$12.49
Partnership Agreement with Mandatory Shotgun Provisions
Prepare a Partnership Agreement with shotgun provisions with this fully editable template.
- The partners agree not to compete with the partnership's business.
- The partnership's business will be run by a management committee appointed by the partners.
- Each partner has a right of first refusal to acquire the partnership interest of a departing partner.
- A partner wishing to withdraw may issue a mandatory shotgun buy-sell notice to the other partners.
- Upon the death of a partner, the surviving partner(s) must purchase the interest of the deceased partner, with the buy-out funded by life insurance policies purchased on each of the principals.
- If a partner becomes disabled and unable to continue, the remaining partner(s) will have the option to wind up the partnership or buy out the disabled partner's interest.
- This legal agreement template is a generic form which can be easily modified to include provisions required by the laws in your area.
$34.99
General Partnership Agreement | Australia
Set up a business partnership between two or more partners with this General Partnership Agreement template for Australia.
- The term of the partnership is open ended, and will continue until all the partners agree to dissolve the partnership.
- The agreement provides for additional capital contributions to be injected into the partnership by all partners when a cash call is made.
- The partners cannot make voluntary capital contributions or make withdrawals of capital without the consent of all partners.
- No partner may loan money to the partnership without the approval of the other partners.
- Calculation and allocation of profits and losses will not take into account any tax-exempt income.
- Method for appointing a managing partner to run the day to day operations.
- Partners may engage in outside business activities so long as they do not compete with the partnership's business.
- The partnership will not dissolve upon the death, disability or withdrawal of a partner.
- Right of first refusal by other partners to purchase the interest of a withdrawing partner.
- Available in MS Word format and fully editable to fit your circumstances.
- Intended to be used only within Australia.
$19.99
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