Liquidation Agreements (with 5 examples)

CloseWhen a business or firm falls into bankruptcy, or simply terminates for any reason, a formal and highly detailed agreement, known as a liquidation agreement, needs to be drafted and implemented.

The logistics cited in liquidation agreements include the distribution of assets; usually said assets are sold and the proceeds are used to pay creditors. Remaining proceeds are usually distributed among shareholders.

As with any business agreement, it is crucial to include the counsel of a knowledgeable attorney, however, one can learn a great deal simply by reading the liquidation agreements of other companies.  A RealDealDocs membership will allows you to do this – and you can download one, or several agreements, into MS Word to create the liquidation agreement that best suits the needs of your business. This will save hours of drafting and large sums in legal fees – after drafting your liquidation agreement, you need only pay an attorney for  final review to ensure that the agreement is solid and does not leave you or your shareholders vulnerable in any way.

 

Here are 5 Liquidation agreements currently available on RealDealDocs:

 

1) BJ SERVICES COMPANY DIRECTORS’ BENEFIT PLAN

AMENDMENT, TERMINATION AND LIQUIDATION AGREEMENT

Baker Hughes Incorporated

BJ Services Company LLC

 

2) PLAN OF LIQUIDATION AND DISSOLUTION OF BOSTON CAPITAL TAX CREDIT FUND II LIMITED PARTNERSHIP

BOSTON CAPITAL TAX CREDIT FUND II LTD PARTNERSHIP

BCA Associates Limited Partnership

 

3) Liquidation Agreement

SMARTIRE SYSTEMS INC

Cornell Capital Partners, LP

SMARTIRE TECHNOLOGIES INC

STARAIM ENTERPRISES LIMITED

STAROME INVESTMENTS LIMITED

XENTENIAL HOLDINGS LIMITED

YA GLOBAL INVESTMENTS, LP

Yorkville Advisors LL

 

4) Plan of Dissolution and Liquidation

PROFESSIONAL LEASE MANAGEMENT INCOME FUND I LLC

PLM Financial Services, Inc.,

 

5) PLAN OF COMPLETE LIQUIDATION AND DISSOLUTION

AFG INVESTMENT TRUST

AFG ASIT Corporation

Wilmington Trust Company

 

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