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The share transfer agreement is a legal document which regulates the transfer of shares between shareholders in a company in a particular location or situation. It serves as a legally binding contract that establishes the rights and responsibilities of the parties involved in the share transfer process.
The following are the core elements of a share transfer agreement : Definition of transfer of shares. Definition of consideration of shares. Date of transfer. Purchase price. Payment. Liability. Creditors. Representations and warranties.
What to Think about When You Begin Writing a Shareholder Agreement. ... Name Your Shareholders. ... Specify the Responsibilities of Shareholders. ... The Voting Rights of Your Shareholders. ... Decisions Your Corporation Might Face. ... Changing the Original Shareholder Agreement. ... Determine How Stock can be Sold or Transferred.
I/ We hereby request the Company to kindly consider my/ our request for transmission of the aforesaid shares in my/ our name on the basis of execution of Affidavit and Indemnity Bond without submitting any of the aforesaid legal documents. Please send the specimen of the said documents to be executed by me/ us.
NOW, THEREFORE, IT IS HEREBY AGREED as follows: TRANSFER OF SHARES It is agreed that: ... TRANSFER PRICE It is agreed that the Shares shall be transferred for the price of price. ... COST OF TRANSFER It is agreed that the cost of registering the transfer of the Shares (if any) will be borne by the Transferee.
Memorandum of Understanding for Share Transfer: Overview It demonstrates that the parties have settled their views and suggestions and are improving their working relationship. It is an honest assertion that a contract is about to be made, even though it is not a legally binding one.