Sample Purchase Agreement between Tesoro Petroleum Corp., Tesoro Gas Resources Company, Inc. and EEX Operating, LLC regarding sale of all shares of capital stock
Understanding this form
This Purchase Agreement is a legal document outlining the terms for the sale of all shares of capital stock from Tesoro Petroleum Corporation and Tesoro Gas Resources Company, Inc. to EEX Operating, LLC. This agreement details the rights and obligations of both parties regarding the transaction. Unlike general purchase agreements, this document includes specific clauses relevant to the oil and gas sector, making it critical for parties involved in similar transactions.
Form components explained
- Date of Agreement
- Identification of the Sellers and Buyer
- Definitions of key terms related to the transaction
- Details regarding the purchase price and settlement
- Representations and warranties by both parties
- Indemnity clauses pertaining to taxes and liabilities
When this form is needed
This form should be used when entities are involved in the sale of capital stock, particularly within the oil and gas industry. It is relevant when formalizing the transfer of ownership in shares of a company, as well as outlining the specific liabilities and obligations related to such a sale. Use this agreement to ensure all parties are protected during the transaction process.
Who needs this form
The following parties should consider using this form:
- Corporations engaging in the sale of their shares
- Investors or companies looking to acquire stock in oil and gas firms
- Legal professionals advising clients on corporate transactions
- Companies involved in mergers and acquisitions within the energy sector
Steps to complete this form
- Identify the parties involved: list the Seller(s) and Buyer.
- Enter the effective date and the purchase price for the shares.
- Include all relevant definitions and terms in the agreement.
- Outline the representations and warranties of each party.
- Ensure to include clauses regarding indemnifications and liabilities related to taxes.
- Obtain signatures from all parties once reviewed by respective legal counsel.
Notarization guidance
This form usually doesn’t need to be notarized. However, local laws or specific transactions may require it. Our online notarization service, powered by Notarize, lets you complete it remotely through a secure video session, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes to avoid
- Failing to properly define the terms related to the shares being sold.
- Omitting key clauses regarding indemnity and liabilities.
- Not ensuring all parties sign and date the agreement.
- Overlooking state-specific requirements that could affect enforceability.
Why complete this form online
- Easy access to professionally drafted legal templates.
- Customizable fields to suit specific transaction needs.
- Convenient download and storage options for digital records.
- Integration with online notary services for added validity.
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FAQ
What is the difference between agreement for sale and sale deed? An agreement for sale is a promise in future, that the property will be transferred to the rightful owner while sale deed is the actual transfer of property ownership to the buyer.
An agreement of sale is a legal document that outlines the terms of a real estate transaction. It lists the price and other details of the transaction, and is signed by the seller and the buyer. An agreement of sale is also known as the contract of purchase, contract for sale, contract agreement or sale agreement.
A share purchase agreement is a formal contract or an agreement that sets out the terms and conditions relating to the sale and purchase of shares in a company. The share purchase agreement should very clearly set out what is being sold, to whom and for how much, as well as any other obligations and liabilities.
The 'Agreement For Sale' is a contract to transfer property from the seller to the buyer. It is a legal document that outlines the terms of a real estate transaction.It is a contractual property agreement between the seller to sell a particular property on particular terms and an agreed-upon price to the buyer.
A shareholders' agreement includes a date; often the number of shares issued; a capitalization table that outlines shareholders and their percentage ownership; any restrictions on transferring shares; pre-emptive rights for current shareholders to purchase shares to maintain ownership percentages (for example, in the
Definition: An agreement of sale constitutes the terms and conditions of sale of a property by the seller to the buyer. These terms and conditions include the amount at which it is to be sold and the future date of full payment.Agreement of sale is the base document on which the sale deed is drafted.
Does everyone have to sign a shareholders' agreement? A shareholder cannot be compelled to sign a shareholders' agreement i.e. each shareholder should enter into it voluntarily.
Introduction. Step 1: Decide on the issues the agreement should cover. Step 2: Identify the interests of shareholders. Step 3: Identify shareholder value. Step 4: Identify who will make decisions - shareholders or directors. Step 5: Decide how voting power of shareholders should add up. Further information and documents.
Definition: An agreement of sale constitutes the terms and conditions of sale of a property by the seller to the buyer. These terms and conditions include the amount at which it is to be sold and the future date of full payment.Agreement of sale is the base document on which the sale deed is drafted.