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Sale of Shares Agreement: in total to a non-shareholder

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R275.00 ZAR

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Sale of Shares Agreement - in total to a non-shareholder

Summary

This Sale of Shares Agreement can be used when a shareholder in a Company sells all of his/her shares in the Company to another person, being someone who is not an existing shareholder of the Company.

More information

Why do I need a Sale of Shares Agreement?

A Sale of Shares Agreement sets out the terms of the sale of a shareholder’s shares in a Company to another person.

What type of business should use a Sale of Shares Agreement?

A shareholder wishing to sell all the shares that he/she has in the Company to somebody else (being someone who is not an existing shareholder in the Company) can use this Agreement.

What does the Sale of Shares Agreement say?
The Agreement consists of:

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

What does the Sale of Shares Agreement look like?

The agreement can be printed onto three A4 pages.

What do you need to do to use the Sale of Shares 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 Company 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.

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