4. IMPACT OF THE ABSENCE OF FORMALITY It is agreed that, if the planned transfer of shares is not effective due to a lack of formality (including, but not limited to, the non-registration of the transfer in the company`s registers or a refusal by the directors of the company whose shares are transferred), the transfer of all economic interests in the shares on the transferee through the creation of a trust the transferee in as a beneficiary in which the shares constitute the object and contemptuous of the agents. In this document, the form filler can enter the relevant identification details, for example. B if the parties are individuals or companies, as well as their respective addresses and contact details. The form filler also gives the main features of the agreement between the parties, including dispute resolution and current legislation, and, of course, all relevant details regarding the transfer of the business. A transfer contract contains many elements that detail the conditions of sale and the goods and services transferred. There are a few ways to buy and sell a business, and the organizational structure of a business may offer additional obligations. Ownership can be transferred in different ways depending on whether the entire company is sold, whether a partner/owner/large shareholder leaves or whether a new member joins the company. CONSIDERING that the contemptuous person wishes to transfer the shares to the assignee under the conditions laid down in this share transfer agreement. 5.6 The rights, benefits, commitments and liabilities contained in the terms of this Share Transfer Agreement may be assigned by any party with the prior written consent of the other party. A sales contract should be used by anyone wishing to buy or sell a business.

The agreement can help specify the details of the sale, including aspects of the business to be sold (e.g.B. assets or shares). 5.11 The securities contained in the share transfer agreement are included only as an editorial reference and, for ease of reference, are not part of the share transfer agreement. The purchase and transfer agreement describes the sale of the business and its assets. It describes the type of transfer, the type of sale, the conditions of sale and what is transmitted. Many things can be included in transfer contracts, including assets, liabilities, capital, contracts, customer lists, leasing contracts, employee insurance, new labor rights, inventory, tax matters, copyrights, and patents. Similarly, a guarantee of a good reputation by both the seller and the buyer is often included. PandaTip: This is a share transfer agreement (or shares).

This model share transfer agreement is suitable for the transfer of shares in private and public companies and can be used instead of one transfer form or another. This share transfer agreement may also be amended to include special conditions related to the transfer, which would not be possible with a share transfer form and which are likely to transfer shares in several companies and several classes of shares. If conditions are included in the agreement, these conditions must also be met in order for the transaction to take place. If this is not the case, either party (or, in some cases, both parties) may have the right to withdraw from the agreement. 2. TRANSFER PRICING It is agreed that the shares will be transferred at the price of [PRICE]. 3. COST OF TRANSMISSION It is agreed that the registration costs of the transfer of shares (if any) will be borne by the buyer.

Joe, for example, operates a successful carpentry shop as a sole proprietorship. He wants to retire and finds someone willing to buy his equipment, company name and customer list.