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Conditional Intent to Purchase Members Interest

Conditional Intent to Purchase Members Interest

stars Over 10,000 Happy South African Businesses

Original price was: R 779,49.Current price is: R 545,64.

Legal document outlining conditions for purchasing membership interest in a company.

  • Outlines clear purchase terms.
  • Avoids misunderstandings and disputes.
  • Provides a clear path to ownership transfer.
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How do I receive my documents once I have paid for them?

Once your order is complete, you will be granted download permission for the document. You will:

  • See download links on the order received page after you have checked out.
  • Receive an email notification which will include download links.
  • Have access to your downloads via the Downloads tab on your ‘My Account’ page when logged in to your account on this website.
What format do you provide the document in?

You’ll receive the document in Microsoft Word. A small number of our documents are only available in PDF, in which case this is stated in the document summary.

What if I don't receive the link?

The two most common reasons for people not receiving the link are : (i) The e-mail address entered into the order form was incorrect; or (ii) the e-mail was directed into your spam folder. First please check your spam folder. If it is not there, contact us.

How can I tell if the document is suitable for my requirements?

Each document is accompanied by a description. Read the description to see if it will meet your requirements. If you are still uncertain, you can Contact Us with a brief overview of what you need the document for and we will respond as soon as possible.

Can I make changes to the contracts and legal documents?

Our documents are provided in MS Word format, allowing you to adjust and alter the agreement as you require. If you do not have legal experience we do caution you to be circumspect about the extent of the changes that you make.

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NOTICE OF CONDITIONAL INTENT TO PURCHASE MEMBERS INTEREST

Summary A Conditional Intent to Purchase Members Interest may be considered when a member in a Close Corporation sells portion of his/her member’s interest in the CC to another person, and the purchaser wants to conduct a due diligence before progressing with the sale. The Conditional Intent sets out the material provisions pertaining to the sale, provides for due diligence consents, and lays the foundation for the terms of the Sale of Member’s Interest Agreement.

Why do I need a Notice of Conditional Intent to buy Member’s Interest? A prospective purchaser wanting to buy member’s interest in a Close Corporation, but who first wants to complete a due diligence before the sale of member’s interest is finalised, may consider using a written agreement. A Conditional Intent to buy Member’s Interest sets out the terms of the due diligence to be conducted on the CC before the sale of a member’s interest may be completed, and also provides for the requisite company consents to the due diligence.  

Is this intended for a private company? Then view our Conditional Intention to Purchase Shares.

What does the Notice of Conditional Intention to buy Member’s Interest say? The template terms consist of: Parties; Definitions; Intent to Purchase; Purchase price; Conditional Sale; Due Diligence; Confidentiality; Costs

What does the agreement look like? The standard notice of intent can be printed onto eight pages.

What do you need to do to use the agreement?

  • Read the template 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 Close Corporation and the purchase price. Complete the Annexures, including the credit consents, and attach the draft Sale of Member’s Interest Agreement.
  • Ensure the parties sign the agreement and each receive a copy.

Also viewed: Member’s Agreement

Also known as: Letter of intention to buy member’s interest; Due diligence consents

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.

How do I receive my documents once I have paid for them?

Once your order is complete, you will be granted download permission for the document. You will:

  • See download links on the order received page after you have checked out.
  • Receive an email notification which will include download links.
  • Have access to your downloads via the Downloads tab on your ‘My Account’ page when logged in to your account on this website.
What format do you provide the document in?

You’ll receive the document in Microsoft Word. A small number of our documents are only available in PDF, in which case this is stated in the document summary.

What if I don't receive the link?

The two most common reasons for people not receiving the link are : (i) The e-mail address entered into the order form was incorrect; or (ii) the e-mail was directed into your spam folder. First please check your spam folder. If it is not there, contact us.

How can I tell if the document is suitable for my requirements?

Each document is accompanied by a description. Read the description to see if it will meet your requirements. If you are still uncertain, you can Contact Us with a brief overview of what you need the document for and we will respond as soon as possible.

Can I make changes to the contracts and legal documents?

Our documents are provided in MS Word format, allowing you to adjust and alter the agreement as you require. If you do not have legal experience we do caution you to be circumspect about the extent of the changes that you make.

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Conditional Intent to Purchase Members Interest 1
This item: Conditional Intent to Purchase Members Interest
Original price was: R 779,49.Current price is: R 545,64.
Original price was: R 779,49.Current price is: R 545,64.
Sale of Members Interest Agreement in total to a non member 1
Original price was: R 1 847,11.Current price is: R 1 292,98.
Sale of Shares Agreement in total to a non shareholde 1
Original price was: R 1 977,35.Current price is: R 1 384,15.
Employment Contract Monthly Salary with Probation 1
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Members Agreement 3 or more members 1
Original price was: R 1 536,89.Current price is: R 1 075,82.

NOTICE OF CONDITIONAL INTENT TO PURCHASE MEMBERS INTEREST

Summary A Conditional Intent to Purchase Members Interest may be considered when a member in a Close Corporation sells portion of his/her member’s interest in the CC to another person, and the purchaser wants to conduct a due diligence before progressing with the sale. The Conditional Intent sets out the material provisions pertaining to the sale, provides for due diligence consents, and lays the foundation for the terms of the Sale of Member’s Interest Agreement.

Why do I need a Notice of Conditional Intent to buy Member’s Interest? A prospective purchaser wanting to buy member’s interest in a Close Corporation, but who first wants to complete a due diligence before the sale of member’s interest is finalised, may consider using a written agreement. A Conditional Intent to buy Member’s Interest sets out the terms of the due diligence to be conducted on the CC before the sale of a member’s interest may be completed, and also provides for the requisite company consents to the due diligence.  

Is this intended for a private company? Then view our Conditional Intention to Purchase Shares.

What does the Notice of Conditional Intention to buy Member’s Interest say? The template terms consist of: Parties; Definitions; Intent to Purchase; Purchase price; Conditional Sale; Due Diligence; Confidentiality; Costs

What does the agreement look like? The standard notice of intent can be printed onto eight pages.

What do you need to do to use the agreement?

  • Read the template 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 Close Corporation and the purchase price. Complete the Annexures, including the credit consents, and attach the draft Sale of Member’s Interest Agreement.
  • Ensure the parties sign the agreement and each receive a copy.

Also viewed: Member’s Agreement

Also known as: Letter of intention to buy member’s interest; Due diligence consents

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.