Membership Interest Purchase Agreement (Sale of Non-Managing Minority Interest in Real Estate Joint Venture) (Pro-Seller Short Form) | Practical Law

Membership Interest Purchase Agreement (Sale of Non-Managing Minority Interest in Real Estate Joint Venture) (Pro-Seller Short Form) | Practical Law

A short form agreement favoring the seller for the purchase and sale of a minority membership interest in a limited liability company (LLC) that owns commercial real estate. While membership interest purchase agreements (IPAs) are generally governed by state law, this jurisdictionally-neutral template is useful and relevant in every state. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both sellers and purchasers.

Membership Interest Purchase Agreement (Sale of Non-Managing Minority Interest in Real Estate Joint Venture) (Pro-Seller Short Form)

by Practical Law Real Estate
Maintained • USA (National/Federal)
A short form agreement favoring the seller for the purchase and sale of a minority membership interest in a limited liability company (LLC) that owns commercial real estate. While membership interest purchase agreements (IPAs) are generally governed by state law, this jurisdictionally-neutral template is useful and relevant in every state. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both sellers and purchasers.