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.
District of Columbia Model Stock Purchase and Sales Agreement
Category:
State:
Multi-State
Control #:
US-8-02-2-STP
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Model Stock Purchase And Sales Agreement?
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FAQ
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.
Party and Date Information Date. The date, while being the first item on the contract is usually the last thing to be entered. ... Vendor. The vendor is the person or name of the entity selling the property. Purchaser. The name of the person buying the property. ... Address. ... Estate. ... Legal Description. ... Price. ... Deposit.
Step 1 ? Come to a Non-Binding Agreement. The buyer (assignor) in the original purchase contract and the new buyer (assignee) will need to come to an agreement. ... Step 2 ? Share the Purchase Contract. ... Step 3 ? Create an Assignment. ... Step 4 ? Attach and Close.
A contract is a legal agreement between two or more parties in which they agree to each other's rights and responsibilities. Offer, acceptance, awareness, consideration, and capacity are the five elements of an enforceable contract.
Contracts constantly vary in length, terms, and complexity. But for an agreement to be legally valid and enforceable, several elements must be fulfilled: Legality, Capacity, Offer, Consideration, Intention, Certainty, and Acceptance.
The requirements of a contract are consideration, offer and acceptance, legal purpose, capable parties, and mutual assent. When any of the required elements is lacking, vitiated, or irregular, the contract may become void, voidable, or unenforceable.
The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
A valid contract is a legally binding agreement and is enforceable in court by and against the contracting parties. In order for a contract to be valid, there must be an offer, an acceptance of the offer, an exchange between the parties of something of value, and an agreement to the terms.