A share buy back agreement is concluded when the company buys back some of its shares. These agreements require compliance with the company’s Memorandum of Incorporation as well as the Companies Act, 2008.
If you are purchasing or selling an interest in a close corporation, then this is the correct document for you. Much like the purchase and sale of shares in a company, these can be complex transactions that are often prone to disputes. A written agreement regulating matters like the purchase price, payment details, confidentiality, dispute resolution, etc is critical.
When appointing a non-executive director – it is strongly recommended that a written contract is put in place. This ensures that the non-executive director’s obligations are outlined, that the termination provisions are clear and that the remuneration is properly documented.
If you are purchasing a business or even the shares in a company, you need to conduct a due dliligence. The due diligence checklist is a comprehensive list of the items that you typically need to investigate in properly assessing the affairs of the company.