Introduction
This Sale of Shares by Exiting Director Deed documents the transfer of shares from an exiting director to the remaining director or shareholder of a company.
It applies where the seller and buyer are the only directors and shareholders and have agreed on the transfer of shares and the purchase price.
The deed includes provisions for payment of the purchase price, preparation of final accounts, adjustment of income and expenses between shareholders, and completion mechanics.
It also deals with resignation of the exiting director, transfer of company records, confidentiality, tax responsibility, releases and indemnities, providing a complete framework for finalising the exit of a director/shareholder.
This package also includes a transfer of shares document and a complimentary share sale checklist, making it a practical resource for completing the transaction from start to finish.
📄 Sale of Shares by Exiting Director Deed
• Share sale and purchase provisions
• Purchase price and payment terms
• Adjustment of income and expenses
• Completion and transfer mechanics
• Director resignation provisions
• Transfer of company records
• Confidentiality obligations
• Indemnities and releases
• Transfer of shares document
• Complimentary share sale checklist
What is a Sale of Shares by Exiting Director?
A Sale of Shares by Exiting Director is a legal document used where a director and shareholder exits a company by selling their shares to another shareholder.
It records the agreed purchase price, the transfer of shares and the steps required to complete the transaction.
The document also addresses matters such as resignation of the director, settlement adjustments and transfer of company records.
Professionally Drafted Legal Precedent
Prepared by experienced Australian commercial lawyers, this precedent provides a comprehensive and reliable framework for real-world use.
The document is fully editable in Microsoft Word and includes an Editing Legal Documents Guide to assist with completing and tailoring the agreement.
Designed for immediate use, it can be adapted to suit a wide range of legal and commercial scenarios.
At A Glance
What This Document Covers
• Share sale transaction
• Director exit
• Transfer of ownership
• Settlement process
• Company record handover
Key Provisions Included
• Purchase price and payment terms
• Final accounts and adjustments
• Share transfer requirements
• Director resignation
• Confidentiality and indemnity
Typical Use
• Director exits from company
• Shareholder buy-outs
• Small company restructures
• Business partner separation
• Transfer between existing shareholders
Download Details
• Professionally drafted legal precedent• Suitable for Australian use
• Fully editable Microsoft Word document
• Includes Editing Legal Documents Guide
• Instant download available immediately after purchase
Drafted by Legal Professionals
Our precedents are prepared by Australian legal practitioners and reflect commonly used legal drafting standards.
Practical and Easy to Use
Each template provides a structured framework that can be adapted to suit the specific transaction or matter.
Instant Access
Download immediately after purchase and edit the document in Microsoft Word to suit your requirements.
Related Precedents
Also Known As
This document may also be referred to as:
• Share transfer deed
• Share sale deed
• Director exit agreement
• Shareholder buy-out agreement
• Transfer of shares agreement
Frequently Asked Questions
What is this document used for?
This document is used when a director and shareholder exits a company by selling their shares to another shareholder.
Does this include payment terms?
Yes. The deed includes provisions for payment of the purchase price and interest on late payment.
Does this deal with director resignation?
Yes. The seller provides a resignation as director and employee on completion.
Does this include transfer of company records?
Yes. The seller is required to deliver company records and documents on completion.
Sale of Shares by Exiting Director – Instant Download
• Share sale deed for exiting director
• Includes purchase and transfer provisions
• Includes settlement and completion mechanics
• Includes resignation and record transfer provisions
• Fully editable Microsoft Word document
• Deed format execution
• Instant download available immediately after purchase
Used by lawyers, businesses and commercial operators across Australia.
Download This Precedent
Instant download. Fully editable Microsoft Word format. Includes practical drafting guidance.