Sale of Shares
Whether you are looking to purchase or sell shares in a private company, you will need to go down the administrative road of conducting a sale of shares. This would ordinarily entail having to go to a firm of attorneys who would need to prepare and draft the necessary documents and contracts in order to successfully transfer those shares.
A Sale of Shares Agreement is the main governing document that serves to set out the details of the transaction, the obligations of each party, the purchase price to be paid, as well as the relevant time frames for the sale.
A sale of shares differs to a sale of business in that a sale of shares is purely a sale of the shares of a company, whilst a sale of business involves the sale of assets of such business.
Included in this Contract
This document contains all the basic aspects of a Sale of Shares Agreement including:
- Specification of the purchase price;
- How the purchase price will be paid, such as lump sum or installment;
- If there is a Shareholders Agreement in place - a clause recording that the purchaser agrees to the terms of the Shareholders Agreement;
- The transfer date of the shares;
- Confidentiality provisions;
- Breach provisions;
- Dispute resolution provisions.
If you are looking for a package which includes all documents required for a sale of shares, please check out this package:
How does it work?
When you start the questionnaire, you will be guided through the questions with the helping hand of explanations and additional information. Based on your answers, the Sale of Shares Agreement will be tailor-made by our system.
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Barter McKellar Law
This document is supplied by Barter McKellar Law.
Barter McKellar is a boutique law firm which offers bespoke legal solutions that make legal, personal and business sense.
We practice law because we thrive off solving legal problems (simple or complex) and providing our clients with peace of mind. No matter what your legal needs are, we are able to assist you as a trusted legal partner. We pride ourselves on giving our clients the best legal advice and legal solutions that make practical and commercial sense. We give you the tools and guidance that you need to help you and your business grow and our services and fees are tailored to suit your specific needs