Whether you work with paperwork day-to-day or only occasionally need them, DocHub is here to assist you take full advantage of your document-based tasks. This platform can set age in Redemption Agreement Template, facilitate user collaboration and generate fillable forms and legally-binding eSignatures. And even better, every record is kept safe with the highest security standards.
With DocHub, you can access these features from any location and using any device.
[Music] generally when you have two partners ill use that two three partners in a shareholders agreement cross-purchase agreement means that the partners are buying each other out and they usually own the insurance on one another so partner a owns insurance or partner b part a is the owner and beneficiary im on on the life of b and vice versa and in a stock redemption agreement the company is the owner and beneficiary of the policies the the theres theres definitely docHub differences in each of those scenarios so the reason people genera generally have a cross-purchase agreement is that number one none of the money is coming into the company from the insurance proceeds and thus its not subject to the claims of creditors of the company and secondly when you have a cross-purchase agreement and you buy out the shares you get whats called the step up in basis for the share so as an example if its a 10 million dollar business and each owners 5 million and owner b dies and owne
