Llc Redemption Agreement Template

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LLC Redemption Agreement Template

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LLC Redemption Agreement Template (1)
Between:
[Name of the Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
And:
[Name of the LLC]
[LLC’s ID]
[LLC’s Principal Address]
Introduction:
This LLC Redemption Agreement outlines the terms under which [Member’s Name] agrees to redeem their membership interest in [LLC’s Name] effective as of [Effective Date].
Clause 1: Redemption Amount
The total redemption amount to be paid to the Member will be [Specify Amount], calculated based on the fair market value of the membership interest as of [Valuation Date].
Clause 2: Payment Terms
The LLC shall make payment to the Member in accordance with the following schedule: [Specify Payment Terms and Schedule].
Clause 3: Member Representations
The Member represents and warrants that they own a valid membership interest in the LLC and have authority to enter into this Agreement.
Clause 4: Conditions Precedent
The obligations of the LLC to redeem the Member’s interest are subject to the following conditions being satisfied: [Specify Conditions].
Clause 5: Indemnification
The Member agrees to indemnify and hold harmless the LLC and its members from any claims arising from the Member’s breach of this Agreement or any representations made herein.
Clause 6: Governing Law
This Agreement shall be governed by the laws of the State of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Member]
[Name of the Member]
[Signature of the LLC Representative]
[Name of the LLC Representative]
LLC Redemption Agreement Template (2)
Between:
[Name of the Redeeming Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
And:
[Name of the LLC]
[LLC’s ID]
[LLC’s Principal Address]
Introduction:
This agreement is made to detail the redemption of the member’s interest by the LLC, effective as of [Effective Date], under the terms set forth herein.
Clause 1: Membership Interest
The Member hereby agrees to redeem their interest in the LLC, which includes a [Percentage] % ownership.
Clause 2: Redemption Price
The redemption price for the membership interest shall be determined as follows: [Detail the calculation or formula].
Clause 3: Payment Structure
The Member shall receive the redemption price according to [Specify Payment Plan or Method].
Clause 4: Waiver of Claims
The Member agrees to waive any claims related to their membership interest following the completion of this Agreement.
Clause 5: Confidentiality
Both parties agree that the terms and conditions of this Agreement shall remain confidential and shall not be disclosed to third parties without prior consent.
Clause 6: Entire Agreement
This document constitutes the entire agreement between the parties, superseding all prior agreements and understandings.
Signed in [City], [Date].
Sincerely,
[Signature of the Redeeming Member]
[Name of the Redeeming Member]
[Signature of the LLC Officer]
[Name of the LLC Officer]

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Please complete the form below to create the LLC Redemption Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

LLC Redemption Agreement Template

1. Member Information


2. LLC Information


3. Redemption Details


4. Purpose of Redemption

5. Payment Terms

6. Valuation of Membership Interest

7. Representations and Warranties

8. Indemnification Clause

9. Governing Law

10. Signatures and Acceptance

11. Declaration and Signatures



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LLC Redemption Agreement Template

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Llc Redemption Agreement Template