Sell Agreement
What is this form?
The Sell Agreement, formally known as the Agreement Not to Sell Ordinary Shares, is a legal document that outlines a mutual agreement between parties, such as Commtouch Software Ltd. and Microsoft Corporation. This agreement restricts the sale or transfer of ordinary shares for a specified period. The form is essential for shareholders who want to establish terms that prevent the public or private sale of their shares without consent, ensuring a stable investment environment.
Key components of this form
- Effective date of the agreement
- Identification of the parties involved
- Restrictions on the sale or transfer of ordinary shares
- Provision for entry of stop transfer instructions
- Confidentiality agreement regarding the terms
- Governing law and dispute resolution
When to use this form
This Sell Agreement should be used when a shareholder, such as a corporate entity, wishes to limit the transfer of their ordinary shares. It is especially relevant during negotiations for share registration or corporate agreements where the maintaining of share value and control is paramount.
Who can use this document
- Corporate entities engaged in negotiations involving share transfer
- Shareholders looking to protect their investment and ensure value stability
- Legal representatives facilitating share agreements between parties
Completing this form step by step
- Identify the parties involved: Clearly state the names of the companies and their corporate representatives.
- Enter the effective date: Specify the date when the agreement takes effect.
- Outline share restrictions: Write down the terms forbidding the sale or transfer of the shares.
- Include provisions for stop transfer instructions: Add details for the transfer agent if applicable.
- Collect signatures: Ensure all parties sign the agreement to validate the terms.
Is notarization required?
Notarization is generally not required for this form. However, certain states or situations might demand it. You can complete notarization online through US Legal Forms, powered by Notarize, using a verified video call available anytime.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes to avoid
- Failure to specify the effective date of the agreement
- Omitting key parties or their representatives
- Neglecting to include confidentiality clauses
- Not providing clear language regarding share transfer restrictions
Why complete this form online
- Convenience of downloading and completing the form at your own pace
- Editability to customize terms to fit specific agreements
- Accessibility to reliable templates drafted by licensed attorneys
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FAQ
Selling agreements are detailed contracts that outline the terms associated with a sale of goods or services to a third party. They are normally used when goods, services, or items are sold and need to be delivered to the customer.
A sales and purchase agreement (SPA) is a binding legal contract that obligates a buyer to buy and a seller to sell a product or service.
Definition: An agreement of sale constitutes the terms and conditions of sale of a property by the seller to the buyer. These terms and conditions include the amount at which it is to be sold and the future date of full payment.Agreement of sale is the base document on which the sale deed is drafted.
A buy and sell agreement is a legally binding contract that stipulates how a partner's share of a business may be reassigned if that partner dies or otherwise leaves the business.The buy and sell agreement is also known as a buy-sell agreement, a buyout agreement, a business will, or a business prenup.
Traditional cross purchase plan. Each owner who is left in the business agrees to purchase the co-owner's shares if that individual dies or leaves the business. Entity redemption plan. One-way buy sell plan. Wait-and-see buy sell plan.
Identity of the Parties/Date of Agreement. The first topic a sales contract should address is the identity of the parties. Description of Goods and/or Services. A sales contract should also address what is being bought or sold. Payment. Delivery. Miscellaneous Provisions. Samples.
When does a business need a buy-sell agreement? Every co-owned business needs a buy-sell, or buyout agreement the moment the business is formed or as soon after that as possible. A buy-sell, or buyout agreement, protects business owners when a co-owner wants to leave the company (and protects the owner who's leaving).
Using a buy/sell agreement to establish the value of a business interest. A buy/sell agreement is a contract between the members of an LLC that provides for the sale (or offer to sell) of a member's interest in the business to the other members or to the LLC when a specified event or events occur.
An agreement of sale is a legal document that outlines the terms of a real estate transaction. It lists the price and other details of the transaction, and is signed by the seller and the buyer. An agreement of sale is also known as the contract of purchase, contract for sale, contract agreement or sale agreement.
