{"product_id":"buy-sell-agreement-2-parties-legal-entities-death-disability","title":"Buy \u0026 Sell Agreement - 2 Parties being legal entities. Death \u0026 Disability","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\u003e \u003c\/strong\u003e\u003cstrong\u003e2 parties, being legal entities\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003e \u003c\/strong\u003e\u003cstrong\u003eDeath \u0026amp; Disability\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eSummary \u003c\/strong\u003eA Buy and Sell Agreement may be used to protect the shares of a company in the event of the death or disability of one of the shareholders. It is intended to be used where there are two shareholders, with one or both of the shareholders being a legal entity. The Agreement provides for the remaining shareholder to buy the deceased or disabled party’s shares.\u003c\/p\u003e\n\u003cp\u003eDo you only want to cover death, and not disability? We have the \u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/buy-sell-agreement-2-parties-legal-entities-death\/\"\u003eBuy \u0026amp; Sell Agreement \u003c\/a\u003efor you.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhy do I need a Buy and Sell Agreement? \u003c\/strong\u003eA written agreement sets out the procedure to be followed if a shareholder dies or becomes disabled. The Agreement provides for the remaining shareholder to buy the equity, and it also refers to any buy and sell life 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. This contract includes the possibility of the death or disability of a key individual, should one or both of the equity-owners be a legal entity such as a company or a trust.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWho should use a Buy and Sell Agreement? \u003c\/strong\u003eShareholders in private companies should have a frank discussion with each other on what would happen to the shares should something happen to one of them. A written agreement can be used to record a decision that the one would buy the other out should one of them die or become disabled.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat does the agreement say? \u003c\/strong\u003eThe template terms consists of: Definitions; Introduction; Policies; Valuation; Purchase Price; Delivery of Documents; Cession of Policies; Disputes; General.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat does this agreement look like? \u003c\/strong\u003eThe document can be printed onto seven pages.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat do you need to do to use the document?\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eRead the template Buy and Sell document to ensure that it suits your requirements. Make any changes as required.\u003c\/li\u003e\n\u003cli\u003eComplete Annexure A by including the policy details of any buy and sell insurance policies that may have been taken out.\u003c\/li\u003e\n\u003cli\u003eEnsure both shareholders sign the Agreement with each getting a copy of the final, signed agreement.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eAlso viewed: \u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/key-man-agreement\/\"\u003eKey Man Agreement\u003c\/a\u003e\u003c\/p\u003e\n\u003cp\u003e\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\u003c\/p\u003e\n","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":61657306169484,"sku":"AO-3477","price":405.88,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Residentail-Lease-agreement-1000-_C3_97-1000-px-2024-07-19T132931.518.jpg?v=1790553398","url":"https:\/\/agreementsonline.co.za\/products\/buy-sell-agreement-2-parties-legal-entities-death-disability","provider":"Agreements Online","version":"1.0","type":"link"}