{"product_id":"sale-shares-agreement-part-non-shareholder","title":"Sale of Shares Agreement Template - in part, to a Non-Shareholder - South Africa","description":"\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003eSale of Shares Agreement Template - in part, to a Non-Shareholder - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003eIn part, to a non-shareholder\u003c\/strong\u003e\u003c\/p\u003e\n\n\u003cstrong\u003eSummary \u003c\/strong\u003eA written contract to sell shares may be used when a shareholder sells some (but not all) of the shares that they own in a Company to a purchaser, where the purchaser is not an existing shareholder of the Company. Ie. after the sale of shares, the seller will remain a shareholder in the business. A Sale of Shares Agreement includes reference to due diligence and warranties, amongst other detailed provisions. The Agreement caters for more than one Shareholder selling a portion of their shares, if applicable.\n\n\u003cstrong\u003eWhy do I need a written contract to sell shares? \u003c\/strong\u003eAn agreement for the sale of shares in a company sets out the terms of the sale. A number of issues need to be negotiated during a Company’s sale of equity, such as the purchase price, the due diligence process, confidentiality and warranties. These issues need to be included in the Sale of Shares Agreement to eliminate uncertainty and ensure that both the sellers and the purchaser understand their respective rights and obligations during the sale.\n\n\u003cstrong\u003eWhat does the agreement say? \u003c\/strong\u003eThis template contract for the sale of shares in a company consists of: Parties; Definitions; Sale of shares; Suspensive Conditions; Purchase price and payment; Delivery of documents; Due diligence; Warranties; Indemnities; Restraints; Breach; Confidentiality; Dispute Resolution; Pre-emptive rights; Notices; General.\n\nNote: if the entity is a close corporation, then you'll need a \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/sale-members-interest-agreement-part-non-member\/\"\u003eSale of Member's Interest Agreement\u003c\/a\u003e.\n\n\u003cstrong\u003eWhat does the contract look like? \u003c\/strong\u003eThe template agreement can be printed onto thirteen pages.\n\n\u003cstrong\u003eWhat do you need to do to use this Agreement?\u003c\/strong\u003e\n\n\u003cul\u003e\n\n \t\u003cli\u003eRead the sample contract 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 17 (Signatures) and Annexure 1 (Sale details) can be adjusted accordingly.\u003c\/li\u003e\n\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\n \t\u003cli\u003eEnsure all the parties sign the agreement and receive a copy.\u003c\/li\u003e\n\n \t\u003cli\u003eThe shareholders should also 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\n\u003c\/ul\u003e\n\nAlso viewed:\n\n\u003cul\u003e\n\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\n \t\u003cli\u003e\u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/sale-shares-agreement-part-existing-shareholder\/\"\u003eSale of Shares Agreement: in part to an existing shareholder\u003c\/a\u003e\u003c\/li\u003e\n\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\n\u003c\/ul\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":59164050915468,"sku":"AO-3979","price":1040.85,"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-a-non-shareholder-1.jpg?v=1789524841","url":"https:\/\/agreementsonline.co.za\/products\/sale-shares-agreement-part-non-shareholder","provider":"Agreements Online","version":"1.0","type":"link"}