Click here to purchase a Share sale agreement
In order to sell a partial interest in a private company, you need to sell the share interest in the company. The template we have available here allows the sale of a minority or majority stake in private company and it allows a price in cash or an assumed loan as part of package. There is also the potential for a penalty if first year profit fails, which is a feature that can be used to protect the buyer. It also contains full warranties which can be edited. The norm is that the buyer will provide the sale document. However, the seller can also gain the initiative in the negotiations by providing a document which they have had input into drafting. Naturally, a share sale agreement is a complicated document and there is no replacement for legal advice which is provided by a qualified and competant lawyer, however, providing this template to your lawyer can also ensure that your lawyer will not have to spend time drafting all of the documents manaully and in the long run, it can therefore save you money.
In the template that we have available, it is assume that the buyer is purchasing between 20% to 60% of the shares in conjunction with the possibility of arranging a loan facility or otherwise supporting the company. It is assumed that the Buyer wants the same level of protection as he would expect if he was buying the whole company. In this agreement, the warranties are given not only by the sellers of shares but also by those “staying in”. These features are placed in the document in order to give you the option of protecting your intersts to the greatest extent possible.
To get a share shale agreement template, all you need to do is click here:
