Common Contracts
1 similar Acquisition and Release Agreement contracts
Business partner buyout agreement templateAcquisition and Release Agreement • February 2nd, 2023 • Delaware
A purchase agreement, also known as a purchase and sale agreement, is a binding agreement between business partners that sets out the details of the buyout of the partner leaving the partnership. The purchase agreement can be a separate document or it can be included as a section or addendum to the partnership agreement. Partnership agreements may also include a section or addendum that constitutes a purchase agreement. The purchase agreement addresses three main questions: (1) what events trigger the purchase agreement; (2) who can buy the departing owner's interest in the company; and (3) the price or method of calculating the value of the departing owner's shares. Acquisition and Release Agreement This Acquisition and Release Agreement (this “Agreement”) is between 1347 Advisors LLC, a Delaware limited liability company (“1347 Advisors”) and 1347 Property Insurance Holdings, Inc. , a Delaware Corporation (“PIH”), effective . effective February 2015. Each of 1347 Advisors and PIH may
