LEGALDOCS - Spousal Consent
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This Spousal Consent can be used for various agreements, such as Partnership Agreements, Shareholder Agreements, and Limited Liability Operating Agreements, Buy-Sell Agreements, etc. It is a general spousal consent in which the spouse agrees to be bound by all of the terms of the agreement to which the other spouse is a party.
With a Spousal Consent, the spouse which is not a party to the underlying agreement or contract, agrees to be bound by the language of that underlying agreement. For example, a shareholder agreement may require that the shares of a deceased shareholder be sold to the remaining shareholders. Without a spousal consent, the spouse of the deceased shareholder could object to such a forced sale. A spousal consent will prevent the surviving spouse from raising a valid objection.
Another example is in a buy-sell agreement, where one spouse sells his or her partnership interest to another partner. Because the spouse of the selling partner may have a spousal interest in that partnership interest, the purchasing partner should require that the spouse sign a consent to the sale. This spousal consent can be used for that purpose.
Note: You do not need to punctuate at the end of your entries. If you do not enter data in a field below, then a blank space will appear in its place on your Spousal Consent form.
To create a Spousal Consent, complete this Form.
This completes the information input for your Spousal Consent. When you Send this Form, this program will prepare a Summary of the Spousal Consent for your review. Make sure that all facts stated in the Summary are correct in all respects.
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