Share Purchase Agreement

A Share Purchase Agreement is a sales agreement to be used to transfer and assign ownership (shares of stock) in a company. It is an agreement setting out the terms and conditions relating to the sale and purchase of shares in a company. It is a binding agreement between sellers of shares and purchaser of shares. Such an agreement essentially outlines the market price of shares, premium amount if any, duty and responsibility of parties towards the company, manner in which the shares can be used and sold and provisions with respect to powers of the Board.

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