Assignment and Transfer of Membership Interest

Description: This document is an agreement between two parties whereby one party agrees to transfer its membership interest in a company to another party. The assignor is released from all obligations and covenants in the Membership Agreement with the company. This template form contains standard clauses, including an attorney's fee provision, but also has opportunities that will allow the drafter to customize the terms and conditions according to the needs of the contracting parties.
This document is also part of a package Business Incorporation Starter Kit 19 Documents Included