Free Sale of Shares Agreement Template
Sale of Shares Agreement
This Sale of Shares Agreement ("Agreement") is entered into on [Date], by and between:
[Your Name], organized and existing under the laws of [Jurisdiction], with its principal place of business located at [Your Company Address] (hereinafter referred to as the "Seller"), and
[Buyer's Name], organized and existing under the laws of [Jurisdiction], with its principal place of business located at [Buyer's Address] (hereinafter referred to as the "Buyer").
Collectively referred to as the "Parties."
1. Agreement to Sell and Purchase
Subject to the terms and conditions set forth herein, the Seller agrees to sell, transfer, and assign to the Buyer, and the Buyer agrees to purchase from the Seller, 1000 shares (the "Shares") of [Your Company Name] (the "Company").
2. Number and Price of Shares
The total number of Shares being sold and purchased under this Agreement shall be 1,000. The purchase price per Share shall be $10, resulting in a total purchase price of $10,000, (the "Purchase Price").
3. Payment Terms
The Buyer shall pay the Purchase Price to the Seller in full within [30] days from the Effective Date of this Agreement. Payment shall be made via wire transfer to the account designated by the Seller.
4. Representation and Warranties
4.1 Seller's Representations and Warranties
The Seller represents and warrants to the Buyer that:
(a) The Seller is the legal and beneficial owner of the Shares, free and clear of any encumbrances;
(b) The Seller has full power and authority to sell, transfer, and assign the Shares to the Buyer;
(c) The execution, delivery, and performance of this Agreement by the Seller have been duly authorized by all necessary corporate action.
4.2 Buyer's Representations and Warranties
The Buyer represents and warrants to the Seller that:
(a) The Buyer has full power and authority to enter into and perform this Agreement;
(b) The execution, delivery, and performance of this Agreement by the Buyer have been duly authorized by all necessary corporate action.
5. Condition Precedent
The obligations of the Parties under this Agreement shall be subject to the satisfaction of the following condition precedent:
(a) The Parties obtain all necessary approvals and consents required by law or under any agreement for the sale and purchase of the Shares.
6. Confidentiality
The Parties shall keep confidential the terms and conditions of this Agreement and any information disclosed in connection therewith, except as required by law.
7. Amendment and Modification
No amendment or modification of this Agreement shall be valid unless made in writing and signed by both Parties.
8. Governing Law
The regulation, interpretation, and enforceability of this Agreement shall be under the exclusive jurisdiction and will be under the laws of the specified [State] mentioned in the agreement.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.
[Your Name]
[Date Signed]
[Buyer's Name]
[Date Signed]
