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Form #1548SAMPLE PRE-INCORPORATION AGREEMENT
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SAMPLE PRE-INCORPORATION AGREEMENT
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SAMPLE
PRE-INCORPORATION AGREEMENT
AGREEMENT is made between the
following parties: ___________________, ___________________, and
____________________Â to organize a Corporation upon the following terms and
conditions on this __________ day of ___________________.
WHEREAS the parties listed above
desire to organize a Corporation upon the terms and conditions hereinafter set
forth; and further desire to establish their mutual rights and responsibilities
in relation to their corporate organizational activities;
NOW, THEREFORE in consideration of
the premises and mutual covenants contained herein, the parties agree as
follows:
FIRST: The parties form and organize
a Corporation under the laws of the state of ____________________.
SECOND: Attached as Exhibit A are the
proposed Articles of Incorporation for said Corporation.
THIRD:Â Within seven (7) days after
the first issuance of the Corporation's certificate of incorporation, the
parties agree that the Corporation's authorized stock shall be distributed, and
consideration paid, as follows:
1. In consideration of the cash
payment to the Corporation made by ___________________ of the amount of
$___________, ____________ (insert either common or preferred) stock equal to
___________ shares shall be issued to him or her.
2. In consideration of the transfer
to the Corporation of the following property
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
 (list property, real or personal, to
be transferred), ________ shares of ______________ (common or preferred)Â stock
shall be issued to _______________________________.
3.Â
_________________________________________________________________
4.Â
_________________________________________________________________
FOURTH: The parties further agree not
to transfer, sell, assign, pledge, or otherwise dispose of their shares of
stock issued by the Corporation until they have first offered the shares for
sale to the Corporation, and then, should the Corporation refuse such offer, to
the other shareholders on a pro rata basis. All shares shall be offered at
their book value. In the event the corporation refuses to purchase said
shares, the other shareholders shall have not less than thirty (30) days to
purchase the shares. If the Corporation or other shareholders do not purchase
all offered shares, remaining shares may be freely transferred to other parties
by their owner without price restrictions.
FIFTH: The Corporation shall employ
_______________________________ as its manager for a set term of _________
years and at an annual salary of $_____________ , such employment not to be
terminated without cause and such salary not to be increased or decreased
without the approval of _____ percent of the directors
SIXTH: All parties to this agreement
promise to use their best efforts to incorporate the organization and to
commence its business in a timely fashion.
_______________________________________
Signature
_______________________________________
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not be construed as legal advice. You are strongly encouraged to consult competent
legal council before engaging in any action based upon content contained on this
site.
These downloadable forms are only for personal use. Retransmission, redistribution,
or any other commercial use is prohibited. This includes reposting forms from this
site to another site offering free legal or other document forms for download.
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form, and you agree to abide by these terms. It is highly recommended that you have
a licensed attorney review any legal documents for which you are searching in order
to make sure that your needs are being properly and completely satisfied.
Your use of this site constitutes your acceptance of our terms of use and your agreement
to hold this site, its officers, employees and any contributors to this site harmless
for any damage you might incur from your use of any submissions contained on this
site. If you do not agree to the above terms, please do not proceed.
These forms are provided to assist business owners and others in understanding important
points to consider in different transactions. They are offered with the understanding
that no legal advice, accounting, or other professional service is being offered
by these documents or on this website. Laws vary in the different states. Agreements
acceptable in one state may not be enforced the same way under the laws of another
state. Also, agreements should relate specifically to the particular facts of each
situation. Therefore, it is important to consult legal counsel whenever utilizing
these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com
is not engaged in recommending or referring members on the site or making claims
about the competence, character or qualifications of its participating members.
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