ContractLLC Membership Purchase Agreement • July 4th, 2024
Contract Type FiledJuly 4th, 2024This LLC Membership Purchase Agreement ("Agreement") is entered into by and between two individuals: [Seller] with address [Seller's Address], email [Seller's Email], and [Buyer] with address [Buyer's Address], email [Buyer's Email]. The parties are referred to as "Party" individually and collectively as the "Parties." The Agreement outlines the following: the Seller has a right, title, and membership interest in [LLC Name], an Alabama Limited Liability Company ("LLC"), which is equal to [Percentage]% ownership; the Buyer desires to purchase the Seller's total membership interest in the LLC ("Membership Interest"); the LLC operates under an existing member Operating Agreement, dated [Date], which governs the company's business and members' relations; the Operating Agreement permits the sale of the Seller's Interest to the Buyer; the Parties agree to complete the sale through this Agreement. Article 1: SALE - The Buyer agrees to purchase the Membership Interest for the total sale price