Sale Of Shares Agreement Free Template South Africa

What distinguishes this document from a share purchase agreement is that a share purchase agreement is used in cases where a company sells its shares, while a shareholder of the company sells shares already issued to another party as part of a share sale and sale agreement. 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. You will then receive an email link to download the model. A share sale agreement can be used when a shareholder sells to a buyer all the shares he owns in a company, if the purchaser is already an existing shareholder of the company. If you have any questions now, call us on 011 083 8332 or start a live chat at the end of this page. 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. 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! Subscribe to shares for new shares. Full buyer protection. Creating a majority or minority stake. All branches. Full version, warranty options extended by other shareholders. Conservation against poor performance. Other versions are available. 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. A share purchase agreement is considered a “transfer instrument” required by the Companies Act 2008 for the legal transfer of shares of a company.

A contract to buy and sell shares is an agreement for the sale and purchase of a given number of shares at an agreed price. The shareholder who sells his shares is the seller and the party that buys the shares is the buyer. This agreement specifies the terms of sale and purchase of the shares. 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. 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. 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.