A share purchase agreement is a legal contract between a seller and a buyer that specifies the terms and conditions of the sale of shares in a company. It’s important to note that share purchase agreements can be complex legal documents, and it’s generally recommended to seek legal advice when drafting or reviewing one.
Definitions: This section defines key terms used throughout the agreement.
Parties: This section identifies the parties involved in the transaction.
Sale and purchase of shares: This section outlines the details of the share sale, including the number and type of shares being sold, the purchase price, and any conditions or restrictions on the sale.
Warranties and representations: This section outlines any warranties or representations made by either party regarding the shares being sold.
Conditions precedent: This section outlines any conditions that must be met before the sale can be completed.
Closing: This section outlines the process for closing the transaction, including any required documentation and payment.
Indemnification: This section outlines any indemnification provisions related to the transaction.
Confidentiality: This section outlines any confidentiality provisions related to the transaction.