Partnership Buy Sell Agreement Template for Germany

1. Tag-Along Rights: Used when protecting minority partners in case of majority stake sales

2. Drag-Along Rights: Included when majority partners need the right to force minority partners to join in a sale

3. Life Insurance Provisions: Required when life insurance will fund buy-outs upon death

4. Disability Insurance Provisions: Include when disability insurance will fund buy-outs upon disability

5. Non-Competition Provisions: Added when partners want to restrict post-exit competition

6. Family Transfer Exceptions: Include when allowing special provisions for transfers to family members

7. Mediation and Arbitration: Optional alternative dispute resolution procedures

8. Cross-Purchase vs. Entity Purchase: Include when specifying different structures for purchases depending on the trigger

9. Spousal Consent: Required in cases where partners are married and local law requires spousal approval

1. Schedule A - Current Partnership Interests: List of current partners and their ownership percentages

2. Schedule B - Valuation Formula: Detailed methodology for calculating partnership interest values

3. Schedule C - Life Insurance Policies: Details of life insurance policies funding buy-out obligations

4. Schedule D - Authorized Signatories: List of persons authorized to execute transfers and related documents

5. Appendix 1 - Sample Valuation Report: Template for periodic valuation reports

6. Appendix 2 - Transfer Notice Form: Standard form for notifying partners of intended transfers

7. Appendix 3 - Purchase Option Exercise Form: Template for exercising purchase rights

8. Appendix 4 - Spousal Consent Forms: Required spousal approval documentation