Free Equity Transfer Agreement Template

Download

Share

Free Equity Transfer Agreement Template

Equity Transfer Agreement

This Equity Transfer Agreement ("Agreement") is made and entered into as of this 26th day of May, 2050, by and between:

  1. [Your Name], an individual/corporate entity with a principal address at [Your Company Address], hereinafter referred to as the "Transferor";

  2. Lyda Fadel, an individual/corporate entity with a principal address at Miami, FL 33103, hereinafter referred to as the "Transferee."

Collectively referred to as the "Parties" and individually as a "Party."

RECITALS

WHEREAS, the Transferor is the lawful owner of [Number] shares (the "Equity") of [Your Company Name], a company duly incorporated and existing under the laws of [Jurisdiction], with its principal place of business at [Your Company Address];

WHEREAS, the Transferor desires to transfer ownership of the Equity to the Transferee, and the Transferee agrees to accept such transfer, subject to the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, the Parties agree as follows:

1. Transfer of Equity

1.1 The Transferor hereby sells, assigns, and transfers to the Transferee, and the Transferee hereby purchases and accepts, 5 shares of Equity in [Your Company Name] (the "Equity").
1.2 The transfer of the Equity is made free and clear of all liens, claims, encumbrances, and adverse interests of any kind.

2. Consideration

2.1 As consideration for the transfer of the Equity, the Transferee shall pay the Transferor the sum of 250,000 dollars, payable as follows: Lump Sum.
2.2 The Parties acknowledge and agree that the consideration is fair, reasonable, and reflective of the value of the Equity.

3. Representations and Warranties

3.1 Representations by Transferor:
(a) The Transferor is the legal and beneficial owner of the Equity and has full authority to transfer it.
(b) The Equity is not subject to any restrictions on transfer, except as disclosed and agreed upon in this Agreement.

3.2 Representations by Transferee:
(a) The Transferee has the authority to enter into and perform this Agreement.
(b) The Transferee understands and accepts all risks and obligations associated with the ownership of the Equity.

4. Closing

4.1 The closing of the transaction ("Closing") shall take place on June 30, 2050, at 10:00 am, or at such other time and place as mutually agreed upon by the Parties.
4.2 At the Closing:

  • The Transferor shall deliver all certificates or documents evidencing the Equity, duly endorsed for transfer.

  • The Transferee shall deliver the consideration in the agreed manner.

5. Governing Law and Dispute Resolution

5.1 This Agreement shall be governed by and construed in accordance with the laws of [Jurisdiction].
5.2 Any disputes arising out of or relating to this Agreement shall be resolved through [Arbitration/Mediation/Litigation], conducted in [Jurisdiction].

6. Entire Agreement

6.1 This Agreement constitutes the entire agreement between the Parties and supersedes any prior understandings, agreements, or representations, whether oral or written.

7. Amendments

7.1 No amendment or modification of this Agreement shall be valid unless in writing and signed by both Parties.

8. Counterparts

8.1 This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the Parties have executed this Equity Transfer Agreement as of the date first above written.

[YOUR NAME]
Transferor

Transferee

Agreement Templates @ Template.net