{"product_id":"sale-of-shares-agreement-part-existing-shareholder","title":"Sale of Shares Agreement Template - in part, to an Existing Shareholder - South Africa","description":"\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003eSale of Shares Agreement Template - in part, to an Existing Shareholder - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003eIn part, to an existing shareholder\u003c\/strong\u003e\u003c\/p\u003e\n\n\u003ch3\u003e\u003cstrong\u003eSummary\u003c\/strong\u003e\u003c\/h3\u003e\nA written agreement to sell shares can be used when a shareholder sells some of the shares that they own in a Company to a purchaser, where the purchaser is already an existing shareholder of the Company. A Sale of Shares Agreement includes reference to the purchase price and confidentiality, amongst other provisions. The Agreement caters for more than one Shareholder selling portion of their shares, if applicable.\n\u003ch3\u003e\u003cstrong\u003eWhy do I need a written sale of shares agreement?\u003c\/strong\u003e\u003c\/h3\u003e\nA written Sale of Shares Agreement sets out the terms of the sale of a shareholder’s shares in a Company to another shareholder. A number of issues need to be negotiated during a Company’s sale of equity, such as the purchase price, confidentiality and warranties. These issues need to be included in a written contract to sell shares, to eliminate uncertainty and ensure that both the sellers and the purchaser understand their respective rights and obligations during the sale.\n\u003ch3\u003e\u003cstrong\u003eWhat does the agreement say?\u003c\/strong\u003e\u003c\/h3\u003e\nThe template contract consists of: Parties; Definitions; Sale of shares; Purchase price and payment; Delivery of documents; Warranties; Indemnities; Breach; Confidentiality; Dispute Resolution; Pre-emptive rights; Notices; General.\n\nNote: if the entity is a close corporation, a \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/sale-members-interest-agreement-part-existing-member\/\"\u003eSale of Member's Interest Agreement \u003c\/a\u003ewill be required.\n\u003ch3\u003e\u003cstrong\u003eWhat does the contract look like?\u003c\/strong\u003e\u003c\/h3\u003e\nThe template sale of shares contract can be printed onto eight pages.\n\u003ch3\u003e\u003cstrong\u003eWhat do you need to do to use the Sale of Shares Agreement?\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cul\u003e\n \t\u003cli\u003eRead the sample document to ensure that it suits your requirements, and make changes as required. The Agreement can be used for one or more shareholders selling shares, in which event clause 1 (Parties), clause 14 (Signatures) and Annexure 1 (Sale details) can be adjusted accordingly.\u003c\/li\u003e\n \t\u003cli\u003eComplete the relevant details, such as the details of the Seller\/s and Purchaser, the name of the Company and the purchase price and terms in Annexure 1. Ensure that any blanks in the document have been completed.\u003c\/li\u003e\n \t\u003cli\u003eEnsure all the parties sign the agreement and receive a copy.\u003c\/li\u003e\n \t\u003cli\u003eThe shareholders may need to review their \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/shareholders-agreement-2-shareholders-short-form-moi\/\"\u003eShareholders Agreement\u003c\/a\u003e.\u003c\/li\u003e\n\u003c\/ul\u003e\nAlso viewed:\n\u003cul\u003e\n \t\u003cli\u003e\u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/sale-shares-agreement-total-existing-shareholder\/\"\u003eSale of Shares Agreement: in total to an existing shareholder\u003c\/a\u003e\u003c\/li\u003e\n \t\u003cli\u003e\u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/sale-shares-agreement-part-non-shareholder\/\"\u003eSale of Shares Agreement: in part to a non-shareholder\u003c\/a\u003e\u003c\/li\u003e\n \t\u003cli\u003e\u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/sale-shares-agreement-total-non-shareholder\/\"\u003eSale of Shares Agreement: in total to a non-shareholder \u003c\/a\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\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":59164050981004,"sku":"AO-3981","price":773.96,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Sale-of-Shares-Agreement-in-part-to-an-existing-shareholder-2.jpg?v=1789524842","url":"https:\/\/agreementsonline.co.za\/products\/sale-of-shares-agreement-part-existing-shareholder","provider":"Agreements Online","version":"1.0","type":"link"}