Members Agreement: 2 members

Retail Price:
R377.00 ZAR
Our Price:
R377.00 ZAR
You Saved:
R0.00 ZAR
Qty
  Each
 
 

MEMBERS AGREEMENT – 2 MEMBERS

Summary

This Members Agreement may be considered for the mutual protection of members in a close Corporation, and strives to establish both the members’ respective rights and obligations in relation to each other. 

More information

Why do I need a Members Agreement?

A Members Agreement, amongst other things, can be useful in setting out the procedure to be followed if a member wishes to sell his/her members interest, if there is a deadlock in the decision-making, if a member is sequestrated or commits a breach, and policies regarding loan accounts.

What type of business should use a Members Agreement?

If your business is a Close Corporation with two members, this Agreement can be considered for use between the members. 

What does the Members Agreement say?

The Agreement consists of:

  • Interpretation
  • Introduction
  • Incorporation of Corporation
  • Members’ Meetings
  • Matters requiring unanimous agreement
  • Financing of the Corporation
  • Management of the Corporation
  • Valuation
  • Life Insurance
  • Transfer of Members Interest
  • Forced Sales
  • Disputes
  • Addresses and Notices
  • Good Faith
  • Confidentiality
  • General

What does the Members Agreement look like?

  • The agreement can be printed onto six A4 pages.

What do you need to do to use the Members Agreement?

  • Read the document to ensure that it suits your requirements. Complete the requisite sections, making changes as required.
  • Ensure both the members sign the Agreement with each member getting a copy of the final, signed agreement.

Also known as

  • Association Agreement
  • Terms of Association
  • Close Corporation Agreement

 

Disclaimer

The Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.


“Become a Product Partner” | Disclaimer

| Checkout |



Become an affiliate & earn 30% commission

Secure Payments - Virtual Card Services

secure-payments.jpg, 26kB
 

 
 

Agreements Online

GUI GUI GUI GUI GUI GUI GUI