Membership Interest Purchase Agreement
(DE LLC)

Summary

This Membership Interest Purchase Agreement (DE LLC) template may be adopted by a Delaware corporation. This template contemplates a member's sale of an LLC interest to a third party with representations concerning the member's interest in the LLC. This template includes practical guidance and drafting notes. This template may be tailored to suit each transaction. For more information and resources related to Delaware limited liability companies, see Limited Liability Company Resource Kit (DE). To compare state laws on assignment and sales of membership interests, see the Limited Liability Company: Ownership Interests topic in the Business Entities State Law Comparison Tool.