Unitholders Agreement Template

Unitholders agreement template – Can the free legal documents provided on the Internet be a replacement for consulting with an attorney?

In some instances, most definitely.

To give a simple illustration: The law in your state may require a written contract for the sale of goods over a certain value. Or for that matter, you may want to grant your parent a power of attorney to sell something on your behalf whilst away on holiday. It does not need specialized legal knowledge to compile a bill of sale for a motorcycle, automobile or other goods or to draw a limited power of attorney.

Similarly, a young person without a lot of assets may want to draft a last will and testament or a living will. For many young people a standard legal template can be used to make their files and the forms can be downloaded free from the Internet, without incurring legal expenses. Of course, it will be a different case for a billionaire with several assets and a complex will where consultation with a legal or financial expert is priceless.

Many parents recognize the need for a medical consent form for a babysitter in case of a medical emergency. Or they might need a broader temporary guardianship form if their child will be staying with a relative or trusted friend. These sample forms are freely available online.

Free legal documents are especially valuable when they are also accompanied by legal guidelines on how best to complete them.

Although the law recognizes oral agreements, it always makes sense to get it in writing to avoid arguments over what exactly was agreed upon. Using sample legal documents to compile your own contracts is not any different to lawyers using their existing templates for standard agreements.

Of course there are many instances where you must consult with a lawyer. Again, you can use the free legal files and free legal information available on the Internet to do your preparation beforehand and so lower the consulting period – and hours charged. Please check out our unitholders agreement template on the attachment page.

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