A Cross-Purchase Agreement is a legal contract among business owners or shareholders that governs the purchase of shares from departing owners. This template provides a structured framework for buy-sell arrangements, detailing triggering events such as death, disability, or voluntary exit. It defines the valuation methods, payment terms, and obligations of remaining shareholders to purchase the shares. By using this agreement, businesses can prevent ownership disputes and ensure a seamless transition, protecting the company’s stability and stakeholder interests. The document covers essential clauses including notice requirements, funding mechanisms, and dispute resolution to facilitate clear, enforceable buyout processes.
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