{"product_id":"sale-shares-agreement-total-non-shareholder","title":"Sale of Shares Agreement Template - in total, to a Non-Shareholder - South Africa","description":"\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003eSale of Shares Agreement Template - in total, to a Non-Shareholder - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003eIn total, to a non-shareholder\u003c\/strong\u003e\u003c\/p\u003e\n\n\u003cstrong\u003eSummary \u003c\/strong\u003eA Sale of Shares Agreement may be used when a shareholder sells all their equity to a purchaser, where the purchaser is not an existing shareholder of the business. A contract for the sale of shares includes reference to due diligence and warranties, amongst other detailed provisions. The Agreement caters for more than one Shareholder selling their shares, if applicable.\n\n\u003cstrong\u003eWhy do I need a contract to sell shares? \u003c\/strong\u003eA written contract for selling shares sets out the terms of the sale of a shareholder’s equity. A number of issues need to be negotiated during a Company’s sale of equity, such as the purchase price, the due diligence process, the handover process, confidentiality, restraints and warranties. These issues need to be included in the Sale of Shares Agreement to eliminate uncertainty and ensure that both sellers and the purchaser understand their respective rights and obligations during the sale.\n\n\u003cstrong\u003eWhat does the agreement say? \u003c\/strong\u003eThis sample agreement consists of: Parties; Definitions; Sale of equity; Suspensive Conditions; Purchase price and payment; Delivery of documents; Due diligence; Warranties; Indemnities; Breach; Restraint of Trade; Confidentiality; Dispute Resolution; Pre-emptive rights; Notices; General.\n\nif the entity is a close corporation, you'll need a \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\u003eWhat does the contract look like? \u003c\/strong\u003eThe template document can be printed onto fifteen pages.\n\n\u003cstrong\u003eWhat do you need to do to use the template Sale of Shares 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 new shareholder may need to consider a \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/shareholders-agreement-2-shareholders-short-form-moi\/\"\u003eShareholder's 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-part-non-shareholder\/\"\u003eSale of Shares Agreement: in part 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 \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":59164051112076,"sku":"AO-3983","price":1114.24,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Sale-of-Shares-Agreement-in-total-to-a-non-shareholde-1.jpg?v=1789524843","url":"https:\/\/agreementsonline.co.za\/products\/sale-shares-agreement-total-non-shareholder","provider":"Agreements Online","version":"1.0","type":"link"}