Connecticut Model Stock Purchase and Sales Agreement

State:
Multi-State
Control #:
US-8-02-2-STP
Format:
Word; 
Rich Text
Instant download

Description

The shareholder is the owner of shares of issued and outstanding shares of capital stock. The shareholder desires to sell the company shares and purchaser desires to purchase the company shares, pursuant to the terms of the agreement. Accordingly, the shareholder sells, assigns, transfers, conveys and delivers to the purchaser and the purchaser receives from the shareholder, free and clear of all liens, charges and encumbrances, the company shares.
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  • Preview Model Stock Purchase and Sales Agreement
  • Preview Model Stock Purchase and Sales Agreement
  • Preview Model Stock Purchase and Sales Agreement
  • Preview Model Stock Purchase and Sales Agreement
  • Preview Model Stock Purchase and Sales Agreement
  • Preview Model Stock Purchase and Sales Agreement
  • Preview Model Stock Purchase and Sales Agreement
  • Preview Model Stock Purchase and Sales Agreement
  • Preview Model Stock Purchase and Sales Agreement
  • Preview Model Stock Purchase and Sales Agreement

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FAQ

A SPA should specify the sale price for the shares, specify the currency and timescale for the sale, and list any other conditions like staged payments. Usually, payment is made in cash, although sometimes the buyer may offer the seller some of its shares, or issue loan notes to the seller.

At exchange, the parties sign or execute the formal documentation, including the share purchase agreement. At completion, the requisite formalities to complete and implement the transaction are undertaken.

To file a share purchase agreement, it is necessary to review it once and then get the signature done by both the parties as well as the signatures of the witnesses. Copies of the agreement shall be made for a company, purchaser, and seller. The issue of certificate only after the payment.

Your offer should include: The name of the seller. The address of the property. The names of anyone who will be on the title, including yourself. The purchase price you're offering and down payment. The earnest money deposit. Any contingencies you'd like to include. Any concessions you're requesting from the seller.

A stock purchase agreement typically includes the following information: Your business name. The name and mailing address of the entity buying shares in your company's stocks. The par value (essentially the sale price) of the stocks being sold. The number of stocks the buyer is purchasing.

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 agreement is exchanged and signed by both parties, payment completed and share ownership is transferred to the buyer. However, delays to completion may occur if either party has to meet certain obligations, such as: Consent of other shareholders to the transaction.

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Connecticut Model Stock Purchase and Sales Agreement