Assumption Agreement To Be Bound By Shareholders Agreement

This Assumption Agreement sets out that any shareholder who assumes the shares of another agrees to be bound by the existing shareholders agreement. This agreement gives the name of the corporation, shareholders bound by the existing agreement and date of that agreement. It also sets out that transferee has received a copy of the shareholders agreement and agrees to abide by its terms. A written Assumption Agreement to be Bound by Shareholders Agreement will be beneficial if there are disagreements or misunderstandings about the assumption of the shares.

This Assumption Agreement to be Bound by Shareholders Agreement includes:

• Corporation: Name of the corporation who issued the shares;
• Agreement Information: All shareholders bound by the agreement and its date;
• Transfer: Name of shareholder transferring the shares, number of shares and person to whom shares are transferred;
• Covenants: Sets forth the covenants which the new shareholder agrees;
• Signatures: This agreement must be signed by the new shareholder in front of a witness.

This attorney-prepared packet contains:

1. General Instructions
2. Assumption Agreement to be Bound by Shareholders Agreement

State Law Compliance: This form complies with the laws of all states

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• Number of Pages:

   4

• File Types Included:

  
  √ Microsoft Word
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