Stock Purchase Agreement
This Stock Purchase Agreement ("Agreement") is entered into as of [Date], by and between [Buyer's Name], having its principal place of business at [Buyer's Address] ("Buyer"), and [Seller's Name], having its principal place of business at [Seller's Address] ("Seller").
I. Sale of Shares
Under the stipulations of this Agreement, the Seller consents to sell [Number] shares of common stock ("Shares") of [Your Company Name], a Delaware corporation ("the Company") to the Buyer, and the Buyer consents to buy them.
II. Purchase Price
The purchase price for each share shall be set at fifty dollars per share, which would culminate in a total purchase price of fifty thousand dollars. This total amount is referred to herein as the "Purchase Price." The Buyer is required to remit the Purchase Price to the Seller, doing so in the form of cash. The payment should be made at the closing of this particular transaction.
III. Closing
The closing of the purchase and sale of the Shares (the "Closing") shall take place on April 15, 2050, at 10:00 AM Eastern Time, at a mutually agreed upon time and place. At the Closing, Seller shall deliver to Buyer certificates representing the Shares, and Buyer shall deliver to Seller the Purchase Price.
IV. Representations and Warranties
4.1 Seller's Representations and Warranties
Seller is the legal and beneficial owner of the Shares, free and clear of all liens, claims, and encumbrances;
Seller has full power and authority to sell, transfer, and deliver the Shares to Buyer;
The execution, delivery, and performance of this Agreement by Seller does not violate any law, regulation, or agreement to which Seller is a party; and
There are no actions, suits, or proceedings pending or threatened against Seller that would materially affect Seller's ability to perform its obligations under this Agreement.
4.2 Buyer's Representations and Warranties
Buyer has full power and authority to enter into and perform this Agreement;
The execution, delivery, and performance of this Agreement by Buyer does not violate any law, regulation, or agreement to which Buyer is a party; and
Buyer has obtained all necessary approvals and consents required for the execution and performance of this Agreement.
V. Indemnification
Both parties involved mutually agree that in the event of any financial loss, damage, liabilities, costs, or unforeseen expenses resulting from a breach of terms, misrepresentation, or broken commitments initially contained in this agreement, they are obliged to compensate or reimburse the other parties, thus activating the indemnification clause. Any deviation from the initial agreement might trigger this clause.
VI. Governing Law
Under the terms of this Agreement, it is explicitly stated that the rules and limitations detailed within this document will be regulated and interpreted according to the legal doctrines and rules applicable in the region of [Jurisdiction], regardless of the usual conflict of law principles within that jurisdiction.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
[Seller Name]
[Buyer Name]
Agreement Templates @ Template.net
