Offer by one partner of a Partnership to purchase the partnership interest of the other partner
Details:
Offer by one partner of a Partnership to purchase the partnership interest of the other partner.
Form Outline:
Offer to Purchase Partnership Interest
Name of Partner Offering to Purchase other Partner's Interest, of... Name of Partner Receiving Offer, of... upon the following terms and conditions:
1. The purchase price...
2. Time shall be of the essence of this Offer. The closing of this...
3. This Agreement shall enure...
4. After acceptance of this Offer...
5. This Offer constitutes the entire agreement among...
6. This Offer shall be governed by...
7. This Offer shall be irrevocable by...
IN WITNESS WHEREOF this Offer has been executed by the Buyer this _____ day of ____________________, _____.
I hereby accept the above Offer.
DATED _____________________, _____
Partnership Forms