North Dakota Buy-Sell Agreement Template — Print, Sign & File Today
Plan for ownership transfer in a business
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BUY-SELL AGREEMENT State of North Dakota This Buy-Sell Agreement is entered into on [DATE] between: BUSINESS: [BUSINESS NAME] Type: [ ] Corporation [ ] LLC [ ] Partnership State: North Dakota (ND) OWNERS: Owner 1: [NAME] — Ownership: [PERCENTAGE]% Owner 2: [NAME] — Ownership: [PERCENTAGE]% 1. TRIGGERING EVENTS: [ ] Death of an owner [ ] Disability of an owner [ ] Retirement [ ] Voluntary withdrawal [ ] Divorce [ ] Bankruptcy 2. VALUATION METHOD: [ ] Fixed price: $[AMOUNT] (reviewed annually) [ ] Formula-based: [DESCRIBE] [ ] Independent appraisal 3. PAYMENT TERMS: [ ] Lump sum within [DAYS] days [ ] Installments over [MONTHS] months at [RATE]% interest 4. FUNDING: [ ] Life insurance [ ] Company reserves [ ] Promissory note 5. RIGHT OF FIRST REFUSAL: Remaining owners have [DAYS] days to match any outside offer. This agreement is governed by North Dakota law (ND Statutes). OWNER 1: _____________________ DATE: _____ OWNER 2: _____________________ DATE: _____
FAQ: Buy-Sell Agreement in North Dakota
Is a Buy-Sell Agreement required in North Dakota?
Yes, in North Dakota, a Buy-Sell Agreement is required for most transactions of this type. Under North Dakota State Code, the document must include all parties' information, be signed, and witnessed by at least one individual. Failure to use a proper Buy-Sell Agreement may result in legal complications.
Does a Buy-Sell Agreement need to be notarized in North Dakota?
Notarization requirements in North Dakota (ND) vary by transaction type. Notary fees in the state typically range from $5-$10. While not always mandatory, notarization adds an extra layer of legal protection and is recommended for high-value transactions.
What are the tax implications of a Buy-Sell Agreement in North Dakota?
North Dakota has a base sales tax rate of 5%. Depending on the type of transaction documented in your Buy-Sell Agreement, additional local taxes may apply. Consult with a North Dakota tax professional for specific guidance on your situation.
Jennifer Rodriguez, J.D.
Estate Planning Attorney
Licensed in 5 states, 12+ years experience
Focuses on wills, trusts, and power of attorney documents
This Buy-Sell Agreement template for North Dakota has been reviewed for accuracy and legal compliance.
Last reviewed: March 2026
Where to File Your Buy-Sell Agreement in North Dakota
Visit your local County Clerk office to file or notarize your Buy-Sell Agreement.
North Dakota County Clerk
North Dakota Capital
Main Government Building, North Dakota
District County Clerk
North Dakota Metro Area
County Courthouse, ND
North Dakota Buy-Sell Agreement Legal Guide
Under North Dakota jurisdiction, this form meets all statutory requirements and provides comprehensive legal protection for your transaction.
For North Dakota (ND) residents, this Buy-Sell Agreement is governed by North Dakota State Code. Important details: sales tax at 5%, notary costs of $5-$10, and a requirement for 1 witness. The document has indefinite validity once properly executed.
Using this template ensures you're protected under North Dakota law while saving time and money on legal fees.
Expert Recommendations
Legal professionals in North Dakota recommend:
- Always use a state-specific template compliant with ND statutes
- Have documents reviewed before signing high-value agreements
- File copies with the appropriate North Dakota government office when required
- Update your documents annually to reflect any changes in ND law
Legal Validity & Enforcement
Once properly executed, your Buy-Sell Agreement is legally binding in North Dakota and enforceable in ND courts. The document remains valid indefinitely unless revoked or superseded. North Dakota courts generally uphold properly executed documents, provided they comply with applicable ND statutes.
Your North Dakota Filing Guide
After downloading, take your time filling in each section. ND statutes require that all information be accurate and current. Once signed by all parties, determine whether North Dakota requires you to file the document with a government office, record it with the county, or simply retain it for your records.
What North Dakota Law Requires
North Dakota's statutes are clear: a valid Buy-Sell Agreement must identify all parties by full legal name, include the date of execution, and be signed in the presence of at least one witness where applicable. Failure to meet these requirements under ND law can render the document unenforceable.
Once properly executed, your Buy-Sell Agreement is legally binding in North Dakota and enforceable in ND courts. The document remains valid indefinitely unless revoked or superseded. North Dakota courts generally uphold properly executed documents, provided they comply with applicable ND statutes.
Your North Dakota Filing Guide
After downloading, take your time filling in each section. ND statutes require that all information be accurate and current. Once signed by all parties, determine whether North Dakota requires you to file the document with a government office, record it with the county, or simply retain it for your records.
What North Dakota Law Requires
North Dakota's statutes are clear: a valid Buy-Sell Agreement must identify all parties by full legal name, include the date of execution, and be signed in the presence of at least one witness where applicable. Failure to meet these requirements under ND law can render the document unenforceable.
North Dakota's statutes are clear: a valid Buy-Sell Agreement must identify all parties by full legal name, include the date of execution, and be signed in the presence of at least one witness where applicable. Failure to meet these requirements under ND law can render the document unenforceable.
Buy-Sell Agreement Costs in North Dakota
Estimated fees and processing times
| Fee Type | Cost | Notes |
|---|---|---|
| Notary Fee | $5-$15 (if required) | North Dakota standard rate: $5-$10 |
| Filing Fee | Varies by state | State registration (if applicable) |
| Processing Time | 1-3 business days | Typical turnaround in North Dakota |
| Sales Tax | 5% | North Dakota base rate (local taxes may apply) |
| Witness Requirement | 1 witness | Single witness sufficient |
| Our Template | FREE | Download instantly, no cost |
North Dakota Buy-Sell Agreement Requirements
Review the following requirements to ensure your Buy-Sell Agreement is legally valid in North Dakota.
North Dakota Notarization
While notarization may not be required in North Dakota, it is recommended. Fees range from $5-$10.
Before You Sign
Review all information carefully. In North Dakota, a 5% sales tax may apply.
Legal Protection
Keep copies of all signed documents. North Dakota law requires all parties to receive copies of executed documents.
North Dakota Filing Deadlines
Check North Dakota deadlines for filing or recording this document with the appropriate county clerk's office.
Other Forms in North Dakota
Buy-Sell Agreement in Neighboring States
Document Information
- Document
- Buy-Sell Agreement
- State
- North Dakota (ND)
- Category
- Business
- Format
- PDF / Word / Print
- Cost
- 100% Free
- Sales Tax
- 5%
- Notary Fee
- $5-$10
North Dakota Legal Requirements
Governing Statute:
State Law
- ✓Consult with a licensed attorney for specific requirements
Legal Disclaimer
This template is for informational purposes only and does not constitute legal advice. Laws in North Dakota may change. Consult a licensed attorney for advice specific to your situation.