The Redemption Agreement is a written document that helps shareholders and business managers to prepare for the scenario where a shareholder decides to discontinue or is faced by health challenges. The document lays down the process by which the shareholder’s interest will be handled by the company.
Signing this document is beneficial for everyone on the organization as you are better prepared to face critical circumstances this way. In absence of such agreement, the shareholder’s stock shares and value may not see a fair distribution, which is injust on their part.
You can easily draft this document using our official template. The template contains the legal structure and attorney-verified set of statements that hold proper relevance to the laws of the state.
Simply download the template and edit it to insert your specifics. It’s a quick and convenient process that will help you create a lawfully binding document without requiring much legal expertise. You can review the terms and add your own anytime for state specifications, special purposes etc.