Share Purchase Agreement Template for Africa

The document requires important information such as the parties to the transaction, the description of the shares, the purchase price (consideration), the guarantees and statements of the parties, the requirements before and after completion. 20. This Agreement contains the entire agreement between the parties. All negotiations and agreements have been incorporated into this agreement. Any statements or representations made by either Party to this Agreement during the negotiation phases of this Agreement may in any way be inconsistent with this Definitive Written Agreement. All such statements shall be deemed worthless in this Agreement. Only the written terms of this Agreement are binding on the parties. A share sale agreement is considered a “transfer instrument” required under the Companies Act 2008 to legally transfer shares of a company. 7. The closing of the purchase and sale of the Shares (the “Closing”) will take place on June 11, 2020 (the “Closing Date”) at the Seller`s offices or at any other time and place mutually agreed between the Seller and the Buyer. Upon closing and after the buyer has paid the purchase price in full to the seller, the seller will provide the buyer with properly executed transfers of the shares. Download this free stock purchase agreement template as a Word document to negotiate the purchase of shares in a company or organization 2.

Seller agrees to the sale and Buyer agrees to acquire all right, title, interest and property of Seller in the Shares at a total purchase price of $_ (the “Purchase Price”). This agreement applies to the sale of shares of a private company in any sector for payment in cash. It contains a less extensive range of guarantees than the other share sale contracts we offer, making it suitable for transactions where the risks for the buyer are lower: e.B. if the buyer knows the business well or if the seller becomes familiar. One. Seller is the registered owner of the [Insert Number] shares (the “Shares”) of [Insert Company] (the “Company”). One. Seller would not be recognized as an issuer, insider, affiliate or partner of the Company within the meaning of recognized definitions or applicable securities laws and regulations. Unless otherwise stated in the Company`s governing documents or on the front of the certificates of the Shares, the Buyer shall in no way be prevented or restricted from reselling the Shares in the future. c. The seller owns clear ownership of the shares and the shares are free from liens, encumbrances, security interests, fees, mortgages, pledges or adverse claims or other restrictions that would prevent the transfer of clear ownership to the buyer.

d. Seller is not bound by any agreement that would prevent transactions related to this Agreement. e. To Seller`s knowledge, no legal action or action is pending against any party that materially affects this Agreement. This is a simple contract for the subscription of new shares where the buyer does not need extensive guarantees on the state of the company. He or she is probably already very familiar with the company, trusts existing shareholders, or buys at a price that significantly reduces risk. It is therefore an ideal document for situations such as: additional investment in shares by an existing shareholder, employee buyouts or the inclusion of a parent in a family business. The document is suitable for businesses in any industry and subscriptions of any size. One. Buyer would not be recognized as an issuer, insider, affiliate or partner of the Company within the meaning of recognized definitions or applicable securities laws and regulations. b. Buyer is not bound by any agreement that would prevent transactions related to this Agreement.

c. To the best of Buyer`s knowledge, no legal action or action is pending against any party that materially affects this Agreement. Why might you need to sell shares of your business? Maybe you have an investor who wants to join you, has a new shareholder or two, or just wants to get the devil out of the company. Whatever the reason, Legal Legends has you covered! Share subscription agreement for new shares. Comprehensive buyer protection. Creation of a majority or minority stake. Any industry. Full version, options for extended guarantees by other shareholders. Storage for poor performance. Other versions available.

These share sale contracts apply to the purchase or sale of less than the full ownership of a limited liability company. They are suitable whether you are the buyer or the seller, as they can be easily customized to favor both sides. In particular, we include a menu of 140 guarantees that should protect and reassure each buyer. This is an agreement to sell a majority or minority stake in a private company for money (instead of shares). The company could operate in any industry, and the seller and buyer could be individuals or other businesses. The document contains a wide selection of guarantees designed to protect the value of your investment and give you the greatest legal advantage. 10. All parties to this Agreement warrant and represent that no investment banker, broker or other intermediary has facilitated the transaction provided for in this Agreement and is not entitled to any fees or commission in connection with such Transaction. All parties to this Agreement shall indemnify and hold harmless all other parties to this Agreement with respect to any claim for brokerage fees or other commissions that may be made by either party with respect to this Agreement.

Our template allows for a cost-effective way to consider almost every aspect of selling shares by providing a clear table at the end where you can choose which parts of the deal you want to include or exclude, as well as other customizable aspects. A share purchase agreement is a contract for the sale and purchase of a certain number of shares at an agreed price. The shareholder who sells his shares is the seller and the party who buys the shares is the buyer. This agreement governs the terms and conditions of the sale and purchase of the shares. A contract of sale is a contract, usually in writing, that sets out all the conditions that govern the sale of shares in a corporation. B. The seller wants to sell the shares to the buyer and the buyer wants to buy the shares from the seller. You will then receive a link via email to download the template. What distinguishes this document from a share subscription contract is that a share subscription contract is used in cases where a company sells its shares, while in a share sale and purchase agreement, a shareholder of the company sells shares already issued to another party. [Insert Name] of [Insert Address] (the “Seller”) For more information, see the SEC Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission.

8. All parties agree to bear all their own costs and expenses related to this Agreement. 13. Buyer and Seller shall submit to the jurisdiction of the courts of the Commonwealth of Australia for the performance of this Agreement or any award or arbitral award arising out of this Agreement. This Agreement will be enforced or construed in accordance with the laws of [the state or country] and your application rate has exceeded the maximum number of requests allowed per SEC second. Your access to is limited to 10 minutes. The lock is automatically unlocked while waiting 10 minutes. If you continue to exceed the SEC`s maximum allowable application rate during the expiration period, the duration of the expiration period will be extended.

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