Form Overview
The Stock Purchase Agreement favoring seller structures a framework for conveyance of stock that allocates risk to buyer. The seller is the corporation issuing the shares. The number and voting or non-voting status of the shares is identified along with a purchase price which is paid by buyer at the signing of the Agreement. Operative language conveying ownership of the stock is included, along with the commitment of the corporation to record the transaction. The corporation warrants authority to issue the shares and documents any restrictions applicable to the shares. The corporation validates corporate existence and documents certain management information regarding the directors and officers of the corporation. The buyer represents and warrants access to such information as well as review of financial and management records. The terms and conditions of the Agreement are subject to state and securities law matters, so you will want to have you draft agreement reviewed by local counsel before finalizing the document. You can find answers to your questions using our extensive library of
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