A stock purchase agreement is a contract for a business transaction in which an individual (”Purchaser”) is purchasing corporate stock from the seller (”Seller”). The seller can be an individual shareholder who has stock from the corporation, or the corporation itself. The agreement is meant to protect both parties in the agreement, and hold each party responsible for their obligations in the purchase.
The agreement will cover how many shares of stock are being purchased and the purchase amount. Once signed, the contract sells, conveys and transfers the stock to the purchaser. The agreement typically contains the value of each share of stock, plus the delivery and closing details. A corporation may include clauses regarding the rules for the proceeds of the stock sale, confidentiality, a disclosure schedule, litigation responsibility and indemnification information.
The purchase may require earnest money, and if so, the agreement will specify the amount to be paid and when the delivery shall be made. The contract can include language verifying the stock is free of any and all liens, tax information, insurance policies and other important information applicable to the stock purchase. A stock purchase agreement is a legally binding contract, and contains within the document the rights and responsibilities, as well as the rights to termination, between the parties.
Here are 5 stock purchase agreements available on RealDealDocs.com:
AJW Partners, LLC
AJW Offshore, Ltd.
AJW Qualified Partners, LLC
Solomon Technologies, Inc
LIQUIDITY SERVICES INC
Geneva Auctions Limited
Geneva Industries Limited
Nice Cars Capital Acceptance Corporation
Nice Cars, Inc
Nice Cars Acceptance AcquisitionCo, Inc