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Sale of Shares Agreement – in part, to an existing shareholder

Sale of Shares Agreement – in part, to an existing shareholder

stars Over 10,000 Happy South African Businesses

Original price was: R 1 373,49.Current price is: R 961,44.

Legal agreement outlining partial sale of company shares to an existing shareholder.

  • Increases existing shareholder’s stake.
  • Strengthens existing shareholder’s position.
  • Can enhance investor confidence.
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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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SALE OF SHARES AGREEMENT

In part, to an existing shareholder

Summary

A written agreement to sell shares can be used when a shareholder sells some of the shares that they own in a Company to a purchaser, where the purchaser is already an existing shareholder of the Company. A Sale of Shares Agreement includes reference to the purchase price and confidentiality, amongst other provisions. The Agreement caters for more than one Shareholder selling portion of their shares, if applicable.

Why do I need a written sale of shares agreement?

A written Sale of Shares Agreement sets out the terms of the sale of a shareholder’s shares in a Company to another shareholder. A number of issues need to be negotiated during a Company’s sale of equity, such as the purchase price, confidentiality and warranties. These issues need to be included in a written contract to sell shares, to eliminate uncertainty and ensure that both the sellers and the purchaser understand their respective rights and obligations during the sale.

What does the agreement say?

The template contract consists of: Parties; Definitions; Sale of shares; Purchase price and payment; Delivery of documents; Warranties; Indemnities; Breach; Confidentiality; Dispute Resolution; Pre-emptive rights; Notices; General.

Note: if the entity is a close corporation, a Sale of Member’s Interest Agreement will be required.

What does the contract look like?

The template sale of shares contract can be printed onto eight pages.

What do you need to do to use the Sale of Shares Agreement?

  • Read the sample document to ensure that it suits your requirements, and make changes as required. The Agreement can be used for one or more shareholders selling shares, in which event clause 1 (Parties), clause 14 (Signatures) and Annexure 1 (Sale details) can be adjusted accordingly.
  • Complete the relevant details, such as the details of the Seller/s and Purchaser, the name of the Company and the purchase price and terms in Annexure 1. Ensure that any blanks in the document have been completed.
  • Ensure all the parties sign the agreement and receive a copy.
  • The shareholders may need to review their Shareholders Agreement.

Also viewed:

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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SALE OF SHARES AGREEMENT

In part, to an existing shareholder

Summary

A written agreement to sell shares can be used when a shareholder sells some of the shares that they own in a Company to a purchaser, where the purchaser is already an existing shareholder of the Company. A Sale of Shares Agreement includes reference to the purchase price and confidentiality, amongst other provisions. The Agreement caters for more than one Shareholder selling portion of their shares, if applicable.

Why do I need a written sale of shares agreement?

A written Sale of Shares Agreement sets out the terms of the sale of a shareholder’s shares in a Company to another shareholder. A number of issues need to be negotiated during a Company’s sale of equity, such as the purchase price, confidentiality and warranties. These issues need to be included in a written contract to sell shares, to eliminate uncertainty and ensure that both the sellers and the purchaser understand their respective rights and obligations during the sale.

What does the agreement say?

The template contract consists of: Parties; Definitions; Sale of shares; Purchase price and payment; Delivery of documents; Warranties; Indemnities; Breach; Confidentiality; Dispute Resolution; Pre-emptive rights; Notices; General.

Note: if the entity is a close corporation, a Sale of Member’s Interest Agreement will be required.

What does the contract look like?

The template sale of shares contract can be printed onto eight pages.

What do you need to do to use the Sale of Shares Agreement?

  • Read the sample document to ensure that it suits your requirements, and make changes as required. The Agreement can be used for one or more shareholders selling shares, in which event clause 1 (Parties), clause 14 (Signatures) and Annexure 1 (Sale details) can be adjusted accordingly.
  • Complete the relevant details, such as the details of the Seller/s and Purchaser, the name of the Company and the purchase price and terms in Annexure 1. Ensure that any blanks in the document have been completed.
  • Ensure all the parties sign the agreement and receive a copy.
  • The shareholders may need to review their Shareholders Agreement.

Also viewed:

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.