Shareholders' agreement: warranties
Extensive warranties protect the lender of a loan. This document includes 50+ warranties, only some of which may be relevant to your situation. Provides flexibility to choose which best you to ensure you include only what is significant to your transaction.
- Solicitor approved
- Plain English makes editing easy
- Guidance notes included
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About this document
This document is for a situation where there is a lender involved. This document is therefore suitable either for lenders, or for other shareholders, who have been requested, by the lender, to find a document!
Warranties are intended to be used only in a lending situation, to protect the lender. They are not relevant to an agreement which does not involve a loan. The document includes the text for addition to the shareholders agreement which introduces the warranties in a schedule. Around 85 warranties are provided, but you may find only 50 are relevant to the type of business with which you are concerned. Of those, only 10 or 20 are of sufficient importance to you to be included in the agreement.
Application and features
- Comprehensive set of warranties – simply delete what you do not need
- Define actions where shareholder consent is required
- Limit the freedom of executive director or majority shareholders
- Use of plain English
- Licences, consents and passwords
- Joint ventures and partnerships
- Statutory restrictions
- Sellers activities
- Defective products and services liabilities
- Freehold properties
- Leasehold properties
- Intellectual property
- Internet domain names
This document was written by a solicitor for Net Lawman. It complies with current South Africa law.
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