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What is a Business Opportunity Agreement?
A business opportunity agreement is a contract that transfers ownership of a business, which is packaged and ready for the buyer to enter the market. This agreement is entered into by the buyer and the seller and once the agreement is signed, the relationship between the two parties is terminated. In some cases, a business opportunity agreement can be drawn up for the purchase of services or equipment that will allow the purchaser to start a new business.
The importance of business opportunity agreement documents lies in protecting both parties by ensuring they understand their roles before completing the agreement.
Common Sections in Business Opportunity Agreements
Below is a list of common sections included in Business Opportunity Agreements. These sections are linked to the below sample agreement for you to explore.
Business Opportunity Agreement Sample
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(a) | For purposes of this Agreement, “Designated Parties” shall include all Subsidiaries and Affiliates of each Designated Party and all investment |
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funds now or hereafter sponsored by a Designated Party and its Subsidiaries and Affiliates (other than the Company and its Subsidiaries). | |||
(b) | As used in this Agreement, the following definitions shall apply: |
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COMPANY: CRUSADER ENERGY GROUP INC., a Nevada corporation |
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By: | /s/ DAVID D. LE NORMAN | |||
David D. Le Norman | ||||
President and Chief Executive Officer | ||||
DESIGNATED PARTIES: | ||||
/s/ ROBERT J. RAYMOND | ||||
Robert J. Raymond | ||||
/s/ JOE COLONNETTA | ||||
Joe Colonnetta | ||||
/s/ JAMES C. CRAIN | ||||
James C. Crain | ||||
/s/ PHIL D. KRAMER | ||||
Phil D. Kramer | ||||
/s/ ROBERT H. NIEHAUS | ||||
Robert H. Niehaus | ||||
/s/ SHIRLEY A. OGDEN | ||||
Shirley A. Ogden |
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Joe Colonnetta
James C. Crain
Phil D. Kramer
Robert H. Niehaus
Shirley A. Ogden
Reference:
Security Exchange Commission - Edgar Database, EX-10.13 16 d58022exv10w13.htm BUSINESS OPPORTUNITY AGREEMENT, Viewed August 11, 2022, View Source on SEC.
Who Helps With Business Opportunity Agreements?
Lawyers with backgrounds working on business opportunity agreements work with clients to help. Do you need help with a business opportunity agreement?
Post a project in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate business opportunity agreements. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.
Meet some of our Business Opportunity Agreement Lawyers
Peter L.
Experienced in house counsel with expertise in contracting, labor and employment, regulatory and compliance and healthcare
Mariah M.
McGhee at Law is a purpose-driven law firm located in Indiana. We are focused on assisting Clients with creating opportunities of advancement. Our strategy is to assist, advise and support our Clients in fulfilling their vision for their personal lives and businesses through the practice of law.
Jessica M.
Jessica Molligan is an attorney with twenty years of experience in family law, bankruptcy, and litigation.
August 2, 2023
Scott M.
Skilled/versatile attorney (and RE broker) with 10+ years' experience and diverse background in real estate, business law, injury litigation, estate planning. Select Experience: • Former General Counsel (and current Of Counsel) for a prominent real estate developer touching on all aspects of business in a hands-on and advisory role, including Lease and PSA contract negotiations; • Years of successful injury litigation practice as associate and solo (primarily plaintiff, some defense) with multiple six-figure settlements; • Years of expertise in business law for a variety of industries as well as estate planning for small to mid-size entities.
June 28, 2023
Shanon G.
Have experience in contract, family law, municipality work, criminal defense, litigation, some wills and estates as well. Been practicing law for over 22 years.
June 28, 2023
Heather B.
I currently focus on estate planning, uncontested divorces, mobile real estate closings, and contract review for small businesses after starting my firm after leaving my position a partner at a national law firm specializing in creditor rights and real property.
July 2, 2023
Suzanne E.
I have been an attorney for 30 years. I am a Colorado native with many years in Alaska. I have a Bachelors in Biology, Chemistry and French, JD from Seattle University and Masters in Environmental Science and Law from Vermont Law School. I have traveled extensively, mostly in Europe, and speak several languages with more or less proficiency. I practiced law in Alaska and Colorado, much of it in remote areas but also large cities. I have taught in an environmental masters program and run large environmental nonprofits and a hot springs resort. I have worked with and run business incubators, a process I love. Empowering people to build their own futures is a passion.
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