In the absence of a written contract, the terms of sale and ownership would not be governed by a legally binding agreement. This could put you at risk of shares in your company being bought by outsiders. It can also open you to disputes, as there is no defined resolution clause. B. The seller wants to sell the shares to the buyer and the buyer wants to buy the shares from the seller. For example, ABC Company has three (3) different classes of shares: you need a share purchase agreement if you want to sell shares of your company. If you need legal documents to prove and register ownership of a number of shares of a company, download a complete share certificate form. The main difference from a contract for the sale of assets is that the buyer does not receive the seller`s debts. Subject to the terms of this Share Purchase Agreement, Seller agrees to sell to Buyer and Buyer agrees to purchase from Seller [NUMBER] [TYPE] shares of the Company (the “Shares”).
The purchaser of the shares concerned must be attributed to the role of that party. Look for the word “buyer” printed in bold and enter the legal name of the stock buyer in the next blank line. Then, note the postal address of the stock buyer by buying its components on a few places. First enter the building number and street name or number, as well as the required unit number or P.O. Box at the mailing address of the inventory purchaser in the empty line that gives rise to the term “City Of”, and then enter the city of that mailing address in the available line. Close this address by typing the name of the state where the buyer`s address is indicated as in the blank line just in front of the “(buyer)” label. A share purchase agreement (SPA), also known as a share purchase agreement, is a contract signed by both the company (or the shareholders of a company) and the purchasers of the shares. This agreement protects both the company and the buyers. The agreement itself defines the sale of shares in a company and what is achieved. The third item of this agreement, “purchase price,” awaits the expected amount of money for all shares sold….