{"product_id":"buy-sell-agreement-3-parties-death-disability","title":"Buy \u0026 Sell Agreement - 3 or more Parties. 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\u003e3 or more parties, \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003eDeath \u0026amp; Disability\u003c\/strong\u003e\u003c\/p\u003e\n\u003cstrong\u003eSummary \u003c\/strong\u003eA Buy and Sell Agreement may be used to protect the shares of a company or member’s interest in a CC in the event of the death or disability of a member or shareholder. It is intended to be used where there are three or more shareholders \/ members. A Buy and Sell Agreement provides for the remaining equity-holders to buy the deceased or disabled party’s equity.\n\nDo you only want to cover death, but not disability? We have a \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/buy-sell-agreement-3-parties-death\/\"\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 \/ member dies or becomes disabled. The Agreement provides for the remaining equity-holders 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.\n\n\u003cstrong\u003eWho should use a Buy and Sell Agreement? \u003c\/strong\u003eCompany shareholders and members in close corporations should have a frank discussion with each other about what will happen to the equity should something happen to one of them, ie. the death or disability of a member or shareholder. A written agreement can be used if they decide that the remaining equity-holders would buy the deceased equity-holder’s shares \/ member’s interest in the event of death or disability.\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 seven 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 template 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 insurance policies that may have been taken out.\u003c\/li\u003e\n \t\u003cli\u003eEnsure all the shareholders \/ members 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\/key-man-agreement\/\"\u003eKey Man 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":59164042428556,"sku":"AO-3481","price":405.88,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/0006-787523163591835964.png?v=1792128781","url":"https:\/\/agreementsonline.co.za\/products\/buy-sell-agreement-3-parties-death-disability","provider":"Agreements Online","version":"1.0","type":"link"}