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as the seller and by Mr. Moosbrugger, Mr. Ohlsen, and Ms. Dvorak
as buyers. The purchase agreement stated in part as follows:
WHEREAS, Seller is desirous * * * of selling his
interest in the partnership known as Mack, Moosbrugger,
Ohlsen & Dvorak, and the Purchasers are interested in
purchasing the ownership interest of Seller, said
ownership interest being 27.5 percent of all of the
assets hereinafter enumerated. Seller and Purchasers
agree that the assets of the partnership are as
follows: Building and parking lot located at 219 South
Third Street; work in progress including contingency
fee files; accounts receivable; office furniture and
equipment; the good will, name and reputation of the
firm.
NOW, THEREFORE, Seller and Purchasers herein agree
that Purchaser shall pay unto Seller the following for
the purchase of the Seller's share in the above-
entitled partnership:
1. From January 1, 1986, through December 31,
1986, Seller shall be paid $1,400 on the 15th and the
30th of the month for a total of $2,800 plus payments
of Seller's Blue Cross/Blue Shield for the same period
of time.
2. Ten (10) percent of the fee recovered from
all of the cases enumerated on the list which is
attached hereto and incorporated herein as Exhibit A.
3. The furniture in Seller's office, including
desk, chair, table and wastebasket.
4. Then (10) percent of the fee recovered from
accounts receivable, namely:
a. Hurtt v. Hurtt, venued in Walsh County, North
Dakota;
b. Don Mack;
c. Duane Bye, specifically formation of a
corporation with regard to a Vibrosaun.
5. In return thereto, Seller shall execute a
Quit Claim Deed to the partnership on the office
building and parking lot described above.
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