Share Sale Agreement

share-purchase-sale-agreement-cubed-legal-documents

Share Sale Agreement

 
 
 

INTRODUCTION

At some point you may think it's the right time to step away from your company. You've been the founder and director from the word go. You've nursed it along from the start-up stage and now your company is spreading its wings, ready to fly.  At this stage you might think about selling some or all of your shares in the company. If this is the case, it's important for the sale of shares to be completely bulletproof. Generally the best way to do this is through a Share Sale Agreement.  

 

WHAT DOES IT COVER?

A Share Sale Agreement is a contract which sets out the what, when and how of a share sale. It will safeguard the transfer of shares from you to the purchaser. Generally a Share Sale Agreement will cover how the shares are to be transferred, when they are to be transferred and how much you will be paid for their transfer. It will also contain details of how the company is to be run in the interim period between you selling and leaving.

 

WHY IS THIS IMPORTANT?

Share Sale Agreements can be long, tedious and complicated. They are generally filled with warranties, guarantees and restraint clauses. But it's important to get the details of your sale right from the start. If the shares aren't properly sold they may not be effectively transferred. This could result in costly legal action and uncertainty for you and your company. It's a much better idea to get it right the first time. That's where we come in. Let us take some of the headaches out of the big decision to sell your company. 


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