{"product_id":"members-agreement-3-members","title":"Members Agreement or Association Agreement Template - 3 or more Members - South Africa","description":"\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003eMembers Agreement or Association Agreement Template - 3 or more Members - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003e3 or more Members \u003c\/strong\u003e\u003c\/p\u003e\n\n\u003cstrong\u003eSummary \u003c\/strong\u003eA Members' Agreement (also known as an Association Agreement) may be considered for the mutual protection of members in a Close Corporation, and serves to establish all the members’ respective rights and their obligations in relation to each other.\n\n\u003cstrong\u003eWhy do I need a Members' Agreement? \u003c\/strong\u003eIf your business is a Close Corporation with three or more members, an Association Agreement can be considered between the members. A written Members' Agreement, amongst other things, can be useful in setting out the procedure to be followed if a member wishes to sell his\/her members interest, if there is a deadlock in the decision-making, if a member is sequestrated or commits a breach, and policies regarding loan accounts.\n\nSee also: \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/members-agreement-2-members\/\"\u003eMembers' Agreement for 2 members\u003c\/a\u003e\n\n\u003cstrong\u003eWhat does the agreement say? \u003c\/strong\u003eThis template Association Agreement consists of: Interpretation; Introduction; Incorporation of Corporation; Members’ Meetings; Matters requiring unanimous agreement; Financing of the Corporation; Management of the Corporation; Valuation; Life Insurance; Transfer of Members Interest; Forced Sales; Disputes; Addresses and Notices; Good Faith; Confidentiality; General.\n\n\u003cstrong\u003eWhat does the agreement look like? \u003c\/strong\u003eThe template document can be printed onto nine 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 Members' Agreement to ensure that it suits your requirements. Complete the requisite sections, making changes as required.\u003c\/li\u003e\n\n \t\u003cli\u003eEnsure that all the members sign the Association Agreement with each member getting a copy of the final, signed document.\u003c\/li\u003e\n\n\u003c\/ul\u003e\n\nAlso viewed: \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/sale-members-interest-agreement-total-non-member\/\"\u003eSale of Member's Interest Agreement\u003c\/a\u003e\n\nAlso known as: Association Agreement; Terms of Association; Close Corporation Agreement\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":59164040364172,"sku":"AO-3410","price":866.03,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Members-Agreement-3-or-more-members-1.jpg?v=1789524771","url":"https:\/\/agreementsonline.co.za\/products\/members-agreement-3-members","provider":"Agreements Online","version":"1.0","type":"link"}