{"product_id":"conditional-intent-purchase-members-interest","title":"Sale of Members Interest Agreement Template - Conditional Intent to Purchase - South Africa","description":"\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003eSale of Members Interest Agreement Template - Conditional Intent to Purchase - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\n\u003cstrong\u003eSummary \u003c\/strong\u003eA Conditional Intent to Purchase Members Interest may be considered when a member in a Close Corporation sells portion of his\/her member’s interest in the CC to another person, and the purchaser wants to conduct a due diligence before progressing with the sale. The Conditional Intent sets out the material provisions pertaining to the sale, provides for due diligence consents, and lays the foundation for the terms of the \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/sale-members-interest-agreement-total-non-member\/\"\u003eSale of Member’s Interest Agreement\u003c\/a\u003e.\n\n\u003cstrong\u003eWhy do I need a Notice of Conditional Intent to buy Member’s Interest? \u003c\/strong\u003eA prospective purchaser wanting to buy member’s interest in a Close Corporation, but who first wants to complete a due diligence before the sale of member’s interest is finalised, may consider using a written agreement. A Conditional Intent to buy Member’s Interest sets out the terms of the due diligence to be conducted on the CC before the sale of a member’s interest may be completed, and also provides for the requisite company consents to the due diligence.\u003cstrong\u003e\u003cem\u003e  \u003c\/em\u003e\u003c\/strong\u003e\n\nIs this intended for a private company? Then view our \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/conditional-intent-purchase-shares\/\"\u003eConditional Intention to Purchase Shares\u003c\/a\u003e.\n\n\u003cstrong\u003eWhat does the Notice of Conditional Intention to buy Member’s Interest say? \u003c\/strong\u003eThe template terms consist of: Parties; Definitions; Intent to Purchase; Purchase price; Conditional Sale; Due Diligence; Confidentiality; Costs\n\n\u003cstrong\u003eWhat does the agreement look like? \u003c\/strong\u003eThe standard notice of intent can be printed onto eight pages.\n\n\u003cstrong\u003eWhat do you need to do to use the agreement? \u003c\/strong\u003e\n\n\u003cul\u003e\n\n \t\u003cli\u003eRead the template document to ensure that it suits your requirements. Make changes as required.\u003c\/li\u003e\n\n \t\u003cli\u003eComplete the relevant details, such as the Seller and Purchaser’s names, the name of the Close Corporation and the purchase price. Complete the Annexures, including the credit consents, and attach the draft Sale of Member’s Interest Agreement.\u003c\/li\u003e\n\n \t\u003cli\u003eEnsure the parties sign the agreement and each receive a copy.\u003c\/li\u003e\n\n\u003c\/ul\u003e\n\nAlso viewed: \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/members-agreement-2-members\/\"\u003eMember's Agreement\u003c\/a\u003e\n\nAlso known as: Letter of intention to buy member’s interest; Due diligence consents\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":59164043509900,"sku":"AO-3612","price":439.24,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Conditional-Intent-to-Purchase-Members-Interest-1.jpg?v=1789524790","url":"https:\/\/agreementsonline.co.za\/products\/conditional-intent-purchase-members-interest","provider":"Agreements Online","version":"1.0","type":"link"}