Membership Interest Purchase Agreement (Partial Exit)

Why Use Our Partial Exit Membership Purchase Agreement Template?

Built for Partial LLC Ownership Sales

• Attorney-Drafted Agreement: Designed for situations where a member is selling part—but not all—of their ownership.

• Clear Ownership Transition: Defines exactly how much is being sold and what stays with the seller.

• Supports Phased Exits or Restructures: Ideal for gradual retirement, investment returns, or partner buy-ins.

Flexible for Many Scenarios

• Use with or without an Assignment Agreement: Works as a standalone or in combination with a transfer document.

• Supports Installments or Lump Sum: Set payment terms to match your financial plan.

• Optional Non-Compete and Confidentiality Add-Ons: Add extra protections as needed.

Easy to Customize and Implement

• Editable in Word: Just enter the buyer and seller info, ownership percentage, purchase price, and payment terms.

• Execution Ready: Includes signature blocks and optional notarization.

• Internal Approval Language (Optional): Includes space for documenting member or manager consent if required.

How to Purchase and Use the Agreement

🛒 Step 1: Complete Your Purchase ($35 per Template)

Add the Partial Exit Membership Purchase Agreement to your cart and complete checkout. You’ll receive the template instantly via email.

📥 Step 2: Open in Word and Customize

Enter the buyer and seller’s names, ownership percentage being sold, price, and key terms.

👥 Step 3: Review with the Other Party

Make sure everyone understands the terms—especially if the purchase affects voting rights or profit sharing.

✍️ Step 4: Sign and Store

Once signed, retain copies for your business records and update your membership ledger accordingly.

🎯 Ready to Start Your Partial Exit?

Download the Membership Interest Purchase Agreement (Partial Exit) template and get your deal in writing today.

Key Features of the Membership Purchase Agreement Template

• Partial Ownership Language: Built specifically for less-than-100% interest transfers.

• Defined Payment Terms: Includes lump sum and installment options.

• Transfer Details Included: Covers percentage sold, effective date, and buyer/seller responsibilities.

• Optional Internal Approval Clause: Adds flexibility for manager/member consent.

• Execution & Notary Section: Ready for signatures and formal closing.

Benefits of Our Partial Exit Agreement Template

Professional and Legally Sound

• Protects Both Parties: Prevents miscommunication about ownership, rights, and obligations.

• Supports Flexible Planning: Ideal for phased exits or raising capital from new members.

• Integrates with Your Existing Documents: Aligns with your operating agreement and LLC records.

Easy and Reusable

• No Lawyer Required: Save time and money while getting professional-grade results.

• Edit and Reuse: Works for multiple transactions or multiple members.

• Instant Access: Begin customizing within minutes of purchase.

Quick Look: Membership Interest Purchase Agreement (Partial Exit)

Frequently Asked Questions

• Q: Can I use this to sell just part of my LLC interest?
  A: Yes. This agreement is built specifically for partial transfers of ownership.

• Q: What’s the difference between this and a full membership purchase agreement?
  A: This version includes language specifically tailored for partial exits—where the seller retains some ongoing ownership or rights.

• Q: Can I use this with a promissory note?
  A: Absolutely. You can pair this with a promissory note to outline installment payments.

• Q: Do I need consent from other members?
  A: That depends on your operating agreement. This template includes optional language to document member or manager approval if required.

• Q: Do I need to file this with the state?
  A: No. Just keep the signed agreement with your internal LLC records and update your membership ledger.

Why This Agreement Matters

• Supports Flexible Exit Strategies: Sell part of your interest while staying involved in the business.

• Avoids Legal and Financial Confusion: Clearly documents what was sold, for how much, and under what terms.

• Protects All Parties: Sets expectations and responsibilities from day one.

• Streamlines LLC Ownership Changes: Keeps your records clean and your structure legally sound.