Sample Stock Purchase Agreement With Commentary Second Edition
Description
How to fill out Sample Stock Purchase Agreement Between Reassure America Life Insurance Co. And Penncorp Financial Group, Inc. Regarding Issued And Outstanding Shares Common Stock?
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FAQ
The buyer's lawyers will generally prepare the first draft of the share purchase agreement (SPA). However, in addition to precedents which assume that the drafter is acting for the buyer, we also provide precedents for drafters acting for the seller (either preparing a first draft or marking up the buyer's draft).
At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.
The terms and conditions for the sale and purchase of the stock including the purchase price and the terms and conditions for its payment. The terms and conditions for the closing of the transaction, such as the need to require any previous governmental authorization (i.e., antitrust authority).
A Share Purchase Agreement generally includes information about: The person selling the shares. The person buying the shares. The number of shares being sold and their value. The company the shares are being transferred from. The number of shares being sold and their value.
Recitals are the preamble of a document and they are used to introduce the parties involved, the subject matter and the purpose. The recitals section is a place to set out background information that is not particularly relevant to the rest of the share purchase agreement.