Free Texas Buy-Sell Agreement: Complete Legal Template
Plan for ownership transfer in a business
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BUY-SELL AGREEMENT State of Texas This Buy-Sell Agreement is entered into on [DATE] between: BUSINESS: [BUSINESS NAME] Type: [ ] Corporation [ ] LLC [ ] Partnership State: Texas (TX) 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 Texas law (TX Statutes). OWNER 1: _____________________ DATE: _____ OWNER 2: _____________________ DATE: _____
Michael Chen, Esq.
Real Estate Law Consultant
Bar Certified, Real Estate Expert
Expert in property transactions and real estate documentation
This Buy-Sell Agreement template for Texas has been reviewed for accuracy and legal compliance.
Last reviewed: March 2026
Buy-Sell Agreement Costs in Texas
Estimated fees and processing times
| Fee Type | Cost | Notes |
|---|---|---|
| Notary Fee | $5-$15 (if required) | Texas standard rate: $6-$10 |
| Filing Fee | Varies by state | State registration (if applicable) |
| Processing Time | 1-3 business days | Typical turnaround in Texas |
| Sales Tax | 6.25% | Texas base rate (local taxes may apply) |
| Witness Requirement | 1 witness | Single witness sufficient |
| Our Template | FREE | Download instantly, no cost |
Where to File Your Buy-Sell Agreement in Texas
Visit your local County Clerk office to file or notarize your Buy-Sell Agreement.
Harris County Clerk
Houston
201 Caroline St, Houston, TX 77002
Dallas County Clerk
Dallas
509 Main St, Dallas, TX 75202
Bexar County Clerk
San Antonio
100 Dolorosa, San Antonio, TX 78205
Travis County Clerk
Austin
5501 Airport Blvd, Austin, TX 78751
Texas Buy-Sell Agreement Legal Guide
For residents of Texas, ensuring this form is compliant with state-specific requirements is a top priority for legal validity.
Under Texas State Code, residents of Texas must ensure this Buy-Sell Agreement complies with all state requirements. The current sales tax rate is 6.25%, and notarization costs between $6-$10. One witness is required in TX.
Ensure your transaction is legally sound in Texas with this expertly crafted, state-compliant template.
What Texas Attorneys Want You to Know
Practicing lawyers in Texas emphasize three things: accuracy, completeness, and compliance with TX statutes. A well-prepared Buy-Sell Agreement saves time, money, and potential legal headaches down the road. When in doubt, a brief consultation with a Texas-licensed attorney is worth the investment.
How Texas Courts View This Document
Texas courts apply TX statutory standards when evaluating a Buy-Sell Agreement. Judges look for: clear language, proper identification of parties, lawful purpose, and correct execution formalities. Meeting these standards ensures your document will be upheld if ever challenged.
Your Texas Filing Guide
After downloading, take your time filling in each section. TX statutes require that all information be accurate and current. Once signed by all parties, determine whether Texas requires you to file the document with a government office, record it with the county, or simply retain it for your records.
TX Compliance Checklist
Before finalizing your Buy-Sell Agreement, verify that it meets Texas's legal standards:
- Full legal names and addresses of all parties
- Clear description of the subject matter
- Consideration or purpose stated explicitly
- Dated and signed by all required parties
- Notarized if mandated by TX statute
Texas courts apply TX statutory standards when evaluating a Buy-Sell Agreement. Judges look for: clear language, proper identification of parties, lawful purpose, and correct execution formalities. Meeting these standards ensures your document will be upheld if ever challenged.
Your Texas Filing Guide
After downloading, take your time filling in each section. TX statutes require that all information be accurate and current. Once signed by all parties, determine whether Texas requires you to file the document with a government office, record it with the county, or simply retain it for your records.
TX Compliance Checklist
Before finalizing your Buy-Sell Agreement, verify that it meets Texas's legal standards:
- Full legal names and addresses of all parties
- Clear description of the subject matter
- Consideration or purpose stated explicitly
- Dated and signed by all required parties
- Notarized if mandated by TX statute
Before finalizing your Buy-Sell Agreement, verify that it meets Texas's legal standards:
- Full legal names and addresses of all parties
- Clear description of the subject matter
- Consideration or purpose stated explicitly
- Dated and signed by all required parties
- Notarized if mandated by TX statute
FAQ: Buy-Sell Agreement in Texas
Is a Buy-Sell Agreement required in Texas?
Yes, in Texas, a Buy-Sell Agreement is required for most transactions of this type. Under Texas 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 Texas?
Notarization requirements in Texas (TX) vary by transaction type. Notary fees in the state typically range from $6-$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 Texas?
Texas has a base sales tax rate of 6.25%. Depending on the type of transaction documented in your Buy-Sell Agreement, additional local taxes may apply. Consult with a Texas tax professional for specific guidance on your situation.
Texas Buy-Sell Agreement Requirements
Review the following requirements to ensure your Buy-Sell Agreement is legally valid in Texas.
Texas Notarization
While notarization may not be required in Texas, it is recommended. Fees range from $6-$10.
Before You Sign
Review all information carefully. In Texas, a 6.25% sales tax may apply.
Legal Protection
Keep copies of all signed documents. Texas law requires all parties to receive copies of executed documents.
Texas Filing Deadlines
Check Texas deadlines for filing or recording this document with the appropriate county clerk's office.
Other Forms in Texas
Buy-Sell Agreement in Neighboring States
Document Information
- Document
- Buy-Sell Agreement
- State
- Texas (TX)
- Category
- Business
- Format
- PDF / Word / Print
- Cost
- 100% Free
- Sales Tax
- 6.25%
- Notary Fee
- $6-$10
Texas 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 Texas may change. Consult a licensed attorney for advice specific to your situation.