Sale of Members Interest Agreement: in total to a non-member

Retail Price:

R235.00 ZAR

Our Price:

R235.00 ZAR

You Saved:

R0.00 ZAR

Qty

Each

Sale of Members Interest Agreement - in total to a non-member

Summary

This Sale of Members Interest Agreement can be used when a member in a Close Corporation sells all of his/her members interest in the Close Corporation to another person, being someone that is not an existing member of the Close Corporation.

More information

Why do I need a Sale of Members Interest Agreement?

A Sale of Members Interest Agreement sets out the terms of the sale of a member’s interest in a Close Corporation to another person.

What type of business should use a Sale of Members Interest Agreement?

A member wishing to sell all the members interest that he/she has in the Close Corporation to somebody else, (being someone who is not an existing member in the Close Corporation) can use this Agreement.

What does the Sale of Members Interest Agreement say?
The Agreement consists of:

Parties
Definitions
Sale of members interest
Purchase price and payment
Delivery of documents
Financial accounts
Warranties
Indemnities
Breach
Notices
General

What does the Sale of Members Interest Agreement look like?

The agreement can be printed onto three A4 pages.

What do you need to do to use the Sale of Members Interest Agreement?

Read the document to ensure that it suits your requirements. Make changes as required.
Complete the relevant details, such as the Seller and Purchaser’s names, the name of the Corporation and the purchase price. In particular, ensure that clause 4.2, specifying the manner in which the purchase price is to be paid, is completed.
Ensure both parties sign the agreement and receive a copy.

Also known as: