{"product_id":"shareholders-agreement-3-shareholders-long-form-moi","title":"Shareholders Agreement Contract Template - 3 or more Shareholders, Long Standard Form MOI Form - South Africa","description":"\u003cp\u003e\u003cstrong\u003eA shareholders agreement template South Africa companies can use to set out how three shareholders work with each other, alongside the MOI.\u003c\/strong\u003e\u003c\/p\u003e\n\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003eShareholders Agreement Contract Template - 3 or more Shareholders, Long Standard Form MOI Form - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003e \u003c\/strong\u003e\u003cstrong\u003eLong Standard Form MOI for Profit Companies\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eSummary \u003c\/strong\u003eA Shareholders' Agreement may be considered for the mutual protection of shareholders in a private company incorporated for profit, and strives to ensure that all the shareholders understand their respective rights and obligations in relation to each other.\u003c\/p\u003e\n\u003cp\u003eThis Shareholders' Agreement is intended to be used with the Long Standard Form of the Memorandum of Incorporation for Profit Companies.\u003c\/p\u003e\n\u003cp\u003eSee also: \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/shareholders-agreement-3-shareholders-short-form-moi\/\"\u003eShareholders' Agreement - short form MOI\u003c\/a\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhy do I need a Shareholders' Agreement? \u003c\/strong\u003eA Shareholders' Agreement, amongst other things, strives to set out the procedure to be followed in respect of the appointment of Directors, Board and Shareholder meetings, the sale of shares, the commission of a breach, policies regarding loan accounts, and other company-related issues.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat does the agreement say? \u003c\/strong\u003eThe Agreement consists of: Definitions and Interpretation; Introduction; Articles of Association; Working Capital; Loan Accounts and Indebtedness; Guarantees; Directors; Shareholders; Matters requiring Unanimous Consent; Value of Shares; Sale of Shares; Come Along; Tag Along; Transfer of Shares to Family; Forced Sales; Notices; Confidentiality; General.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat does the agreement look like? \u003c\/strong\u003eThe document can be printed onto fourteen pages.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat do you need to do to use the Shareholders' Agreement? \u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eRead the template document to ensure that it suits your requirements. Complete the requisite sections, making changes as required.\u003c\/li\u003e\n\u003cli\u003eEnsure that the Company’s Memorandum of Incorporation (Long Standard Form for Profit Companies) is updated and properly filed.\u003c\/li\u003e\n\u003cli\u003eEnsure all the shareholders sign, with each shareholder getting a copy of the final, signed Shareholders' Agreement.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eAlso viewed: \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/directors-acknowledgement-consent\/\"\u003eDirector's Acknowledgement \u0026amp; Consent\u003c\/a\u003e\u003c\/p\u003e\n\u003cp\u003eWhen preparing a Shareholders' Agreement, a working knowledge of the Companies Act is recommended and accordingly a specialist’s advice should be sought.\u003c\/p\u003e\n\u003cp\u003e\u003cimg src=\"https:\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Shareholders-Agreement-3-or-more-Shareholders-Long-Form-MOI-3.jpg\" alt=\"Shareholders agreement template South Africa for three shareholders\" width=\"300\"\u003e\u003c\/p\u003e\n\u003ch2\u003eWhy a shareholders agreement matters\u003c\/h2\u003e\n\u003cp\u003eYour Memorandum of Incorporation sets out how the company works. A shareholders agreement sets out how the people who own it work with each other, and that is a different question.\u003c\/p\u003e\n\u003cp\u003eIt is the document you reach for when one shareholder wants to sell, when someone dies or leaves, when a decision is deadlocked, or when it turns out three people had three different understandings of what was agreed at the start.\u003c\/p\u003e\n\u003ch2\u003eWho this template is for\u003c\/h2\u003e\n\u003cp\u003eThree shareholders in a South African private company who want the ownership arrangements written down properly, in long form, alongside the MOI.\u003c\/p\u003e\n\u003ch3\u003eWhat you get\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003eAn editable document in Microsoft Word, plus a PDF copy\u003c\/li\u003e\n\u003cli\u003eWording drafted and reviewed by a lawyer\u003c\/li\u003e\n\u003cli\u003eA long-form structure built for three shareholders, to sit with the MOI\u003c\/li\u003e\n\u003cli\u003eInstant download after purchase\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003eThe clauses that earn their keep\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003ePre-emptive rights, so shares cannot be sold to an outsider without the others getting first refusal\u003c\/li\u003e\n\u003cli\u003eWhat happens on death, disability or a shareholder simply wanting out\u003c\/li\u003e\n\u003cli\u003eHow shares get valued when someone exits\u003c\/li\u003e\n\u003cli\u003eWhich decisions need unanimous agreement rather than a majority\u003c\/li\u003e\n\u003cli\u003eHow a deadlock gets broken\u003c\/li\u003e\n\u003cli\u003eRestraint of trade and confidentiality\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003eGood to know\u003c\/h3\u003e\n\u003cp\u003eA shareholders agreement is a template for you to adapt, not legal advice on your company. Under the Companies Act a shareholders agreement must be consistent with the Act and the MOI, and anything inconsistent is void, so it is worth having an attorney check your final version against your MOI before everyone signs.\u003c\/p\u003e\n\u003cp\u003e\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\u003c\/p\u003e","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":59164040167564,"sku":"AO-3402","price":1080.87,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Shareholders-Agreement-3-or-more-Shareholders-Long-Form-MOI-3.jpg?v=1789524769","url":"https:\/\/agreementsonline.co.za\/products\/shareholders-agreement-3-shareholders-long-form-moi","provider":"Agreements Online","version":"1.0","type":"link"}