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Simply put, Recitals are used to explain those matters of fact which are necessary to make a proposed transaction intelligible. Recitals are like a quick start guide to an APA, acquisition contract, or merger agreement.
A stock purchase agreement (SPA) is the contract that two parties, the buyers and the company or shareholders, written consent is required by law when shares of the company are being bought or sold for any dollar amount. In a stock deal, the buyer purchases shares directly from the shareholder.
Stock Purchase Agreement: Everything You Need to KnowName of company.Purchaser's name.Par value of shares.Number of shares being sold.When/where the transaction takes place.Representations and warranties made by purchaser and seller.Potential employee issues, such as bonuses and benefits.More items...?
Stock purchase agreements are legal documents that lay out the terms and conditions for a sale of company stocks. They are legally binding contracts that create obligations and rights for all the parties involved.
A stock purchase agreement (SPA) is the contract that two parties, the buyers and the company or shareholders, written consent is required by law when shares of the company are being bought or sold for any dollar amount. In a stock deal, the buyer purchases shares directly from the shareholder.