Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
LLC Buyout Agreement
"I need an LLC Buyout Agreement for my manufacturing company in Mumbai, where I'm planning to sell my 40% ownership stake to existing members as part of my retirement plan, with the transaction to be completed by March 2025."
1. Parties: Identifies all parties to the agreement, including the selling member(s), purchasing member(s), and the LLC itself
2. Background: Provides context about the LLC, current ownership structure, and reason for the buyout
3. Definitions: Defines key terms used throughout the agreement
4. Purchase and Sale of Interest: Details the specific ownership interest being transferred and basic terms of the transaction
5. Purchase Price: Specifies the agreed-upon price for the ownership interest and any adjustments
6. Payment Terms: Outlines the payment structure, including timing, method, and any installment arrangements
7. Closing: Specifies the closing date, deliverables, and conditions precedent to closing
8. Representations and Warranties: States the promises and assurances made by both seller and purchaser
9. Covenants: Details ongoing obligations of the parties before and after closing
10. Release and Indemnification: Addresses liability protection and obligation to compensate for losses
11. Confidentiality: Ensures protection of sensitive business information
12. Governing Law and Jurisdiction: Specifies Indian law as governing law and determines jurisdiction for disputes
13. Dispute Resolution: Outlines process for resolving disputes, including arbitration provisions
14. Notices: Specifies how formal communications between parties should be made
15. General Provisions: Includes standard boilerplate clauses such as severability, entire agreement, and amendments
1. Non-Compete Provisions: Used when parties want to restrict the selling member from competing with the LLC post-buyout
2. Transition Services: Included when the selling member needs to provide operational support post-closing
3. Employee Matters: Required when the selling member has key employee responsibilities that need to be transferred
4. Intellectual Property Rights: Necessary when the selling member has contributed to or owns IP rights related to the LLC
5. Tax Matters: Added when specific tax arrangements or allocations need to be addressed
6. Foreign Investment Compliance: Required when any party is a foreign entity or individual
7. Earn-out Provisions: Used when part of the purchase price is contingent on future performance
8. Bank Accounts and Financial Arrangements: Needed when transfer of financial controls is involved
1. Schedule A - Ownership Interest Details: Detailed description of the ownership interest being transferred
2. Schedule B - Purchase Price Calculation: Detailed breakdown of how the purchase price was determined
3. Schedule C - Company Assets and Liabilities: Current list of LLC's assets and liabilities
4. Schedule D - Existing Contracts and Obligations: List of all contracts and obligations that may be affected by the buyout
5. Schedule E - Required Consents and Approvals: List of third-party consents needed for the transaction
6. Schedule F - Intellectual Property: Detailed list of IP rights owned by or licensed to the LLC
7. Appendix 1 - Closing Deliverables: Checklist of all documents required at closing
8. Appendix 2 - Form of Release: Template for mutual release document
9. Appendix 3 - Transfer Instruments: Forms for transferring ownership interests
Authors
Technology
Manufacturing
Professional Services
Real Estate
Retail
Healthcare
Construction
Hospitality
Financial Services
Media and Entertainment
Agriculture
Education
Logistics and Transportation
Consulting
Legal
Finance
Corporate Secretarial
Compliance
Corporate Strategy
Risk Management
Business Development
Board of Directors
Executive Management
Investment
Chief Executive Officer
Managing Director
Company Secretary
Chief Financial Officer
Legal Counsel
Corporate Lawyer
Business Owner
Managing Partner
Finance Director
Compliance Officer
Business Development Manager
Investment Manager
Board Member
Corporate Strategy Director
Risk Manager
Find the exact document you need
LLC Operating Agreement
A governing document for LLC operations in India, establishing company structure, management, and member rights under Indian law.
2 Member LLC Operating Agreement
An Indian LLC Operating Agreement establishing the rights and responsibilities of two members under the Limited Liability Partnership Act, 2008.
Amended Operating Agreement
An Indian law-governed document that amends an existing operating agreement to reflect changes in business structure, ownership, or management arrangements.
Standard Operating Agreement Partnership
An Indian law-governed agreement establishing the operational framework and partner relationships in a partnership business.
Real Estate LLC Partnership Agreement
An Indian law-governed agreement establishing a Limited Liability Company partnership for real estate activities, outlining partner rights, responsibilities, and operational framework.
Operating Agreement For Restaurant
A legal document governing restaurant operations and management structure under Indian law, establishing ownership rights and operational procedures.
Operating Agreement For C Corporation
A comprehensive governance document for C Corporations in India that establishes operational rules and management structure under Indian corporate law.
Capital Contribution LLC Operating Agreement
An Indian law-governed agreement establishing capital contribution terms and member rights in a Limited Liability Partnership, detailing investment structures and operational frameworks.
Standard Operating Agreement For LLC
An Indian law-compliant operating agreement defining the governance structure, member rights, and operational framework for a Limited Liability Company.
Entity Operating Agreement
A foundational legal document under Indian law that establishes the governance and operational framework for a business entity.
LLC Agreement
An Indian law-governed agreement establishing a Limited Liability Partnership (LLP) and defining partner relationships, governance structure, and operational framework.
Amended And Restated Limited Liability Company Agreement
An Indian law-governed agreement that comprehensively updates and restates an existing LLP agreement, incorporating all amendments and current partner arrangements.
Operating Agreement For LLP
An Indian LLP Operating Agreement that establishes partnership governance and operational framework under the Limited Liability Partnership Act, 2008.
Small Business Operating Agreement
An Indian law-governed agreement establishing operational and management framework for small businesses, defining owner rights and responsibilities.
Operating Agreement For Trucking Company
An Indian law-governed agreement establishing the operational and management framework for a trucking company, including member rights and regulatory compliance requirements.
Operating Agreement For Non Profit Corporation
A governing document for non-profit corporations in India that establishes organizational structure and operational procedures under Section 8 of the Companies Act, 2013.
Operating Agreement For Corporation
An Indian law-governed agreement establishing the management structure, operational procedures, and governance framework of a corporation under the Companies Act, 2013.
Nonprofit LLC Operating Agreement
An Indian law-governed operating agreement that establishes and regulates a nonprofit LLC's structure, governance, and charitable operations under Section 8 of the Companies Act 2013.
Non Profit Operating Agreement
A comprehensive governance document for non-profit organizations in India, establishing operational framework and compliance with Indian non-profit regulations.
Multi Member Managed LLC Operating Agreement
A foundational agreement under Indian law that establishes the operational and governance framework for a multi-member Limited Liability Company.
LLC Operating Agreement For Shared Vacation Home
An LLC Operating Agreement under Indian law for jointly owned vacation property, establishing ownership rights, usage terms, and management structure.
LLC Equity Agreement
An Indian law-governed agreement establishing terms for equity investment in an LLC, including shareholder rights, investment terms, and governance provisions.
Limited Liability Agreement
An Indian law-governed agreement that establishes liability limitations and risk allocation between contracting parties.
Limited Company Agreement
An Indian law-governed agreement establishing the operational and governance framework for a limited company, defining shareholder rights and company management structure.
Joint Venture LLC Operating Agreement
An Indian law-governed agreement establishing and regulating a Limited Liability Company joint venture relationship between partners.
Independent Contractor Operating Agreement
An Indian law-governed agreement establishing terms and conditions between a company and an independent contractor, ensuring clear definition of roles, responsibilities, and relationship status.
Holding Company Operating Agreement
An Indian law-governed agreement establishing the operational and governance framework for a holding company, including shareholder rights and management procedures.
General Partnership Operating Agreement
An Indian law-governed agreement establishing the operational framework and partner relationships in a general partnership business.
Family LLC Operating Agreement
An Indian law-governed agreement establishing the operational and governance framework for a family-owned LLC, including succession planning and dispute resolution mechanisms.
Contractor Operating Agreement
An Indian law-governed agreement establishing operational terms and conditions between a company and independent contractor, defining service scope, payments, and compliance requirements.
Aircraft Operating Lease Agreement
An Indian law-governed agreement for the temporary transfer of aircraft possession and operation rights from a lessor to an airline operator, subject to Indian aviation regulations and international standards.
Aircraft Operating Agreement
An Indian law-governed agreement establishing terms for aircraft operations between owner/lessor and operator, compliant with DGCA regulations.
50 50 Operating Agreement
An Indian law-governed agreement establishing equal partnership terms and operational framework for a 50-50 business venture.
LLC Buyout Agreement
An Indian law-governed agreement facilitating the transfer of LLC ownership interests from selling members to purchasing members, outlining all terms and conditions of the buyout transaction.
Single Owner LLC Operating Agreement
An Indian law-governed operating agreement establishing the framework and governance structure for a One Person Company (OPC), compliant with Companies Act 2013.
Investment LLC Operating Agreement
An Indian law-governed agreement establishing the operational and management framework for an Investment LLC, defining member relationships and investment protocols.
Limited Partnership Operating Agreement
An Indian law-governed agreement establishing the terms and structure of a limited partnership, defining partners' rights, obligations, and operational framework.
LLC OwnershIP Percentage Agreement
An agreement establishing ownership percentages and rights in an Indian Limited Liability Partnership, governed by Indian LLP laws.
Franchise Operating Agreement
An Indian law-governed agreement establishing the rights and obligations between franchisor and franchisee, detailing operational requirements and commercial terms for franchise business operations.
Bylaws Operating Agreement
An Indian law-compliant governance document establishing operational rules and management structure for companies registered in India.
Sole Proprietorship Operating Agreement
An Indian law-governed agreement establishing the operational framework and management procedures for a sole proprietorship business.
Multi Member LLC Operating Agreement
A governing document for Indian Limited Liability Partnerships (LLPs) that establishes operational framework, management structure, and member relationships under Indian law.
Member Managed LLC Operating Agreement
An Indian law-governed operating agreement establishing the framework and governance structure for a member-managed LLC, defining member rights, responsibilities, and business operations.
Shareholder Operating Agreement
An Indian law-governed agreement establishing shareholder rights, obligations, and corporate governance framework for company operations.
Real Estate LLC Operating Agreement
An Indian law-governed operating agreement establishing the structure and governance of a real estate LLC, defining member rights, management, and property operations.
Manager Managed LLC Operating Agreement
An Indian law-governed agreement establishing the framework for a manager-managed LLC, defining roles, responsibilities, and operational procedures under the LLP Act, 2008.
LLC Shareholder Agreement
An Indian law-governed agreement establishing rights and obligations between LLC shareholders, including governance and share transfer provisions.
Second Amended And Restated Operating Agreement
An Indian law-governed agreement that consolidates and updates previous operating agreements, establishing current company governance and operational framework.
Restated Operating Agreement
An Indian law-governed document that restates and updates a company's operating agreement, consolidating all amendments into a single comprehensive agreement.
Addendum To Operating Agreement
A legal document under Indian law that modifies an existing Operating Agreement, incorporating specific changes while maintaining the validity of unchanged terms.
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.