{"product_id":"buy-sell-agreement-2-parties-death","title":"Buy \u0026 Sell Agreement - 2 Parties. Death only","description":"\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003eBUY \u0026amp; SELL AGREEMENT\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003e2 Parties, Death only\u003c\/strong\u003e\u003c\/p\u003e\n\u003cstrong\u003eSummary \u003c\/strong\u003eA Buy and Sell arrangement may be used to protect the shares of a company or member’s interest in a close corporation in the event of the death of a shareholder \/ member. It is intended to be used where there are two equity-holders. A written Buy and Sell Agreement provides for the remaining equity-holder to buy the deceased party’s equity.\n\nDo you want to include death and disability? We have the \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/buy-sell-agreement-2-parties-death-disability\/\"\u003eBuy \u0026amp; Sell Agreement \u003c\/a\u003efor you.\n\n\u003cstrong\u003eWhy do I need a Buy and Sell Agreement? \u003c\/strong\u003eA Buy and Sell Agreement sets out the procedure to be followed if a shareholder or member dies. The Agreement provides for the remaining shareholder \/ member to buy the equity, and it also refers to any buy and sell life insurance policies that have been taken out to cover the purchase price. Standard Buy and Sell Agreements are usually associated with life insurance policies. But you do not necessarily have to have life insurance policies in place to implement a Buy and Sell arrangement.\n\n\u003cstrong\u003eWho should use a Buy and Sell Agreement? \u003c\/strong\u003eShareholders in private companies and members in close corporations should have a frank discussion with each other on what would happen to the equity should something happen to one of them. A written Agreement can be used if they decide that the one would buy the other out should one of them die.\n\n\u003cstrong\u003eWhat does the agreement say? \u003c\/strong\u003eThe standard terms consist of: Definitions; Introduction; Policies; Valuation; Purchase Price; Delivery of Documents; Cession of Policies; Disputes; General.\n\n\u003cstrong\u003eWhat does this agreement look like? \u003c\/strong\u003eThe document can be printed onto six pages.\n\n\u003cstrong\u003eWhat do you need to do to use the Buy and Sell Agreement?\u003c\/strong\u003e\n\u003cul\u003e\n \t\u003cli\u003eRead the sample Buy and Sell document to ensure that it suits your requirements. Make any changes as required.\u003c\/li\u003e\n \t\u003cli\u003eComplete Annexure A by adding in the details of any buy and sell life policies that may have been taken out.\u003c\/li\u003e\n \t\u003cli\u003eEnsure both equity-holders sign the Agreement with each getting a copy of the final, signed agreement.\u003c\/li\u003e\n\u003c\/ul\u003e\nAlso viewed: \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/contingent-liability-insurance\/\"\u003eContingent Liability Agreement\u003c\/a\u003e\n\n\u003cstrong\u003eThe 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.\u003c\/strong\u003e","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":59164042330252,"sku":"AO-3473","price":405.88,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Buy-Sell-Agreement-2-parties-death-only-1.jpg?v=1789524784","url":"https:\/\/agreementsonline.co.za\/products\/buy-sell-agreement-2-parties-death","provider":"Agreements Online","version":"1.0","type":"link"}