Shareholder Purchase Agreement Template
Make a free shareholders agreement using our step by step interview.
Shareholder purchase agreement template. Therefore if there is one purchaser and one seller two original stock purchase agreements should be executed ie. For company name. The article of this agreement entitled manner of payment sets forth the documents and papers to be executed andor delivered at closing. Use this shareholders agreement to set out the basis for the share investment and the powers and responsibilities of shareholders.
What is a shareholder agreement. 3 the stock purchase agreement both the seller and purchaser must sign the stock purchase agreement. Prepare the beneficial terms and conditions for the company and its shareholders by preparing a well organized and comprehensive shareholder agreementthis template allows you to define which of the company shares may be subscribed to or purchased by the shareholders. Use our attorney drafted shareholder agreement form to set out and explain the structure and nature of shareholder relationships to the corporation and to one another.
The shares listed in this certificate are subject to a shareholder agreement executed by the corporation and all shareholders. 61 surviving shareholders have the option to purchase shares from the estate of the deceaseddisabled shareholder pro rata to their respective holdings at the price set forth in the valuation schedule attached as schedule a to this agreement. Its also meant to establish an equal relationship between the shareholders and govern the companys operations. Updated june 5 2019 written by susan chai esq.
When writing a shareholder agreement sample make sure it will. Make your shareholders agreement online today with our free shareholders agreement template. Generally both the purchaser and the sellers each retain an original signed stock purchase agreement. A share sale and purchase agreement is an agreement for the sale and purchase of a stated number of shares at an agreed pricethe shareholder selling their shares is the seller and the party buying the shares is the buyer.
Such shareholder agreement may restrict the right of sale of the shares. A copy of the full shareholder agreement may be requested from the board of directors at any time. Article 12 termination. The purchase price of a deceased shareholders stock shall be determined by the.
This agreement details the terms and conditions of the sale and purchase of the shares.