Disability Buy Sell Agreement Template for South Africa

1. Cross-Purchase vs. Entity Purchase: Optional section when flexibility is needed in the purchase structure

2. Partial Disability Provisions: Include when parties want to address partial disability scenarios

3. Recovery Provisions: Include when parties want to address potential recovery from disability

4. Right of First Refusal: Optional where parties want additional control over ownership transfers

5. Tax Provisions: Detailed tax handling where specific tax treatment is desired

6. Family Member Rights: Include when family members have specific rights or roles

7. Business Continuation: Include when specific provisions for business management during transition are needed

1. Schedule A - Current Business Interests: Details of each owner's current business interests and shareholding

2. Schedule B - Insurance Policies: Details of disability insurance policies funding the agreement

3. Schedule C - Valuation Formula: Detailed methodology for business valuation

4. Schedule D - Medical Practitioners: List of approved medical practitioners for disability verification

5. Appendix 1 - Definition of Disability: Detailed medical criteria for qualifying disabilities

6. Appendix 2 - Transfer Documents: Pro forma transfer documentation

7. Appendix 3 - Notice Forms: Standard forms for various required notices under the agreement