The Share Purchase Agreement is an agreement in which all terms and conditions are finalized when it comes to the sales and the purchase of the shares of the company. If a corporation or individual is purchasing or selling shares in the company with another business or person, they should use a share purchase agreement. As an example, if a business has two partners who have equal shares and one leaves the partnership a share purchase agreement can be used to buy their stocks in the business.A share purchase agreement has information about the company that the shares are being transferred for, the seller and purchaser of shares, what law covers the agreement, the type of shares being sold, and how many shares are being sold and at what price. A Share Purchase Agreement is essential to protect the rights of both the purchaser and seller of shares.
The purchase of shares constitutes the purchase of a company’s operating business. None of the existing contracts with the company change. If a shareholder sells his shares in a company, then he achieves a complete break in the relationship between him and the target business. The buyer however, will insist upon some contractual promises about the company (warranties) which will continue to bind the shareholder after the sale. Sabkuch Legal is one of the best in the domain in drafting and reviewing Share Purchase Agreements.
The benefits of Share Purchase Agreement are mentioned below:
What is the Share Purchase Agreement?
The Share Purchase Agreement is an agreement in which all terms and conditions are finalized when it comes to the sales and the purchase of the shares of the company.
What is the main benefit of the Share Purchase Agreement?
A Share Purchase Agreement is essential to protect the rights of both the purchaser and seller of shares.
Does Sabkuch Legal review already drafted the Share Purchase Agreement?
Yes. Besides drafting, we review, redline, and negotiate already drafted Share Purchase Agreements.
How long does it take to draft the Share Purchase Agreement?
We try our best to complete your task in the shortest possible time.