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Buy Sell Agreement Package - Hawaii

Buy Sell Agreement Package - Hawaii 2025

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The document is a Buy-Sell Agreement Package from U.S. Legal Forms, Inc., designed for the sale of a partner's or shareholder's interest in a partnership or corporation. It includes various forms such as agreements between shareholders and partners, a non-compete agreement, and clauses for buy-sell arrangements. The package aims to facilitate tax-free exchanges and ensure control over ownership interests while providing tips for form completion and legal document storage. A disclaimer emphasizes that the materials are provided without warranty and do not substitute for legal advice.

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Click ‘Get Form’ to open the Buy Sell Agreement Package in the editor.
Begin with the 'Buy-Sell Agreement Between Shareholders of a Corporation'. Fill in the total value of capital stock and procedures for handling a stockholder's death.
Next, complete the 'Buy-Sell Agreement Between Partners of Partnership'. Specify the terms for selling a partner's interest and how it will be purchased by the partnership.
Proceed to the 'Non-Compete Agreement Between Buyer and Seller'. Enter details regarding the agreed-upon industry and territory restrictions.
Fill out the 'Buy-Sell or Stock Purchase Agreement' ensuring you include options for funding through life insurance if applicable.
Lastly, review and adapt the 'Buy-Sell Clauses and Related Material' form to fit your specific partnership needs.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Who pays for a buy-sell agreement?

The agreement can be funded by each owner purchas-ing a life and/or disability insurance policy on the life of the other owners. Insurance is often a very efficient method of funding a buy-sell arrangement.

How much does a buy-sell agreement cost?

Explore real-world pricing data for hiring a lawyer to handle a buy sell agreement in California through ContractsCounsels legal marketplace. Based on 156 bids submitted by lawyers, the average flat-fee proposal is $1,060, representing an estimated 58% savings compared to traditional law firm pricing.

How much do lawyers charge to draft a contract?

Complex contract drafting is more costly than writing a simple contract and spans between $800 and $2,500 as a flat cost. On the contrary, some online lawyers may charge an hourly rate between $150 and $500 for more comprehensive services, such as contract modifications and negotiation.

What are the disadvantages of a buy-sell agreement?

One docHub disadvantage is the potential for liquidity issues. For instance, if the agreement requires the company or remaining owners to buy out a departing owners share, there must be enough liquid assets available to cover the purchase without harming the businesss operational capacity.

What is the agreement of sale in Hawaii?

The average cost for a lawyer to draft a purchase agreement is $800 on a flat fee basis. The average cost for a lawyer to review a purchase agreement is $660 on a flat fee basis.

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