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File Type: Word Price: $15.00
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Summary: A stock purchase agreement is an agreement wherein the owner of
shares of stock (the “Seller”), usually a company, agrees to sell the stock to a
buyer (the “Purchaser”). Generally, this type of form is used for the stock of a
small corporation. A stock purchase agreement can be beneficial for both parties
because it clearly lays out the expectations of the transaction including: (i)
the number and type of stock sold, (ii) the purchase price and (iii) when the
transaction will take place. In addition, the Seller will make representations
about his/her ownership of the shares of stock in the stock purchase agreement,
thereby giving the Buyer additional comfort.
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