{"product_id":"buy-sell-agreement-3-parties-death","title":"Buy \u0026 Sell Agreement - 3 or more 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\u003e3 or more parties \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003eDeath only\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 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 party’s shares \/ member’s interest.\n\nDo you want to cover death and disability? We have a \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/buy-sell-agreement-3-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 \/ member dies. 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\u003eShareholders in companies and a CC’s members should have a frank discussion with each other about what will happen to the shares \/ member’s interest should something happen to one of them, ie. death of a member or shareholder. A written Buy and Sell Agreement can be used if they decide that the remaining equity-holders would buy the deceased’s shares \/ member’s interest in the event of death.\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 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 including the policy details of any buy and sell life insurance policies that may have been taken out.\u003c\/li\u003e\n \t\u003cli\u003eEnsure all the shareholders 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":59164043247756,"sku":"AO-3483","price":405.88,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Buy-Sell-Agreement-3-or-more-parties-death-only-1.jpg?v=1789524787","url":"https:\/\/agreementsonline.co.za\/products\/buy-sell-agreement-3-parties-death","provider":"Agreements Online","version":"1.0","type":"link"}