Sale Of Shares Agreement Template South Africa

It is a simple subscription contract for new shares in which the buyer does not need full guarantees on the condition of the company. He or she should already know the company very well, trust existing shareholders or buy at a price that greatly reduces risk. It is therefore an ideal document for situations such as: additional participation of an existing shareholder, employee buy-in or the entry of a parent into a family business. The document is suitable for companies in each sector and subscriptions of all sizes. Why do I need to buy shares? A written contract to sell shares in a company sets out the terms of the sale of shares of a shareholder to an existing shareholder of the company. A number of issues must be negotiated when selling shares in a business, such as the sale price. B, the transfer process, confidentiality and restrictions. These issues must be included in the share sale agreement to remove uncertainties and ensure that sellers and buyers understand their respective rights and obligations during the sale. For any reason, do you have to sell shares in your company? Maybe you have an investor who wants to get on board, have one or two new partners or just get the hook out of the business. Whatever the reason, Legal Legends has you covered! Our model allows a cost-effective way to manage almost every aspect of stock sales, by providing a single table at the end, you can choose which parts of the agreement you want to include or exclude, as well as other customizable aspects.

What does this agreement say? The model of agreement includes: the parties; definitions; The sale of shares Suspensive conditions The purchase price and payment Providing documents Guarantees Compensation Injury Trade restrictions; Confidentiality Dispute resolution Pre-emption rights; Communications General. What`s the deal? The presentation contract can be printed on ten pages. A share purchase agreement is considered a “transfer instrument” required by the Companies Act 2008 for the legal transfer of shares of a company. Summary A share sale agreement can be used when a shareholder sells to a buyer all the shares he owns in a company, if the buyer is already an existing shareholder of the company. A written share sale agreement contains, among other things, a reference to confidentiality and restrictions. The agreement applies to more than one shareholder who sells his shares, if any. This agreement applies to the sale of shares in a private company in each sector for cash. It includes a less extensive choice of guarantees than other share sale agreements we offer, so it is suitable for transactions where the risks to the buyer are lower: z.B. if the buyer is familiar with the business or if the seller becomes familiar. You will then receive an email link to download the model.

These share purchase agreements are intended for the purchase or sale of less than the full ownership of a limited company. They are suitable if you are the buyer or seller, as they can be easily adjusted to favor both parties. In particular, we include a menu of 140 guarantees that should protect and reassure any buyer.

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