{"product_id":"buy-sell-agreement-3-parties-legal-entities-death","title":"Buy \u0026 Sell Agreement - 3 or more Parties. being legal entities. 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\u003e \u003c\/strong\u003e\u003cstrong\u003e3 or more parties, being legal entities\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003e \u003c\/strong\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 in the event of the death of a company shareholder. It is intended to be used where there are three or more shareholders, with one or more of the shareholders being a legal entity. A Buy and Sell Agreement provides for the remaining shareholders to buy the deceased party’s shares.\n\nDo you want to cover death \u0026amp; disability? We have a \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/buy-sell-agreement-3-parties-legal-entities-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 arrangement sets out the procedure to be followed if a shareholder dies. A written agreement provides for the remaining shareholders 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 Agreement includes the possibility of the death of a key individual, should one or more of the equity-owners be a legal entity such as a company or a trust.\n\n\u003cstrong\u003eWho should use a Buy and Sell Agreement? \u003c\/strong\u003eShareholders in private companies should have a frank discussion with each other about what will happen to the shares should something happen to one of them. A Buy and Sell Agreement can be used if they decide that the remaining shareholders would buy the deceased shareholder’s shares 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 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 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\/key-man-agreement\/\"\u003eKey Man Insurance 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":59164043313292,"sku":"AO-3487","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-being-legal-entities-death-only-1.jpg?v=1789524787","url":"https:\/\/agreementsonline.co.za\/products\/buy-sell-agreement-3-parties-legal-entities-death","provider":"Agreements Online","version":"1.0","type":"link"}