Buy Sell Agreement Life (Insurance) Template for New Zealand

1. Disability Provisions: Include when parties want to address permanent disability as a trigger event

2. Cross-Purchase vs. Entity Purchase: Include when flexibility is needed in the purchase structure

3. Right of First Refusal: Include when parties want the option to purchase before interests can be sold to third parties

4. Family Transfer Exceptions: Include when allowing certain transfers to family members without triggering buy-sell provisions

5. Tax Provisions: Include when specific tax treatment or consequences need to be addressed

6. Business Continuation: Include when specific provisions for interim business management during the transfer process are needed

7. Competing Business Restrictions: Include when restrictions on competing businesses are desired post-transfer

1. Schedule 1 - Insurance Policy Details: Lists all relevant insurance policies, including policy numbers, insurers, and coverage amounts

2. Schedule 2 - Valuation Method: Detailed methodology for business valuation, including formulae and procedures

3. Schedule 3 - Owner Information: Details of current ownership structure and percentages

4. Schedule 4 - Consent Forms: Standard forms for various consents required under the agreement

5. Appendix A - Calculation Examples: Examples of price calculations under different scenarios

6. Appendix B - Transfer Documentation: Templates for share transfer forms and other required documentation