Sale of Shares Agreement (including a Restraint of Trade)

This agreement regulates the purchase and sale of shares in a company. It regulates important matters like the purchase price, payment details, transfer mechanisms, confidentiality, dispute resolution. This particular agreement includes a restraint of trade in terms whereof the seller of the shares undertakes to not compete with the Company.. If the seller remains a shareholder in the company, or if there is more than one shareholder in the company after the transaction, please remember that it is critical to also conclude a proper shareholders agreement (which should also be supported by a new Memorandum of Incorporation).