Intellectual Property Agreement Template
Sale of Shares Agreement Template
A Sale of Shares Agreement involves the transfer of shares from the seller of the shares in the business, to the buyer. The seller will state the number of shares to be transferred, at what price, how they will be paid for, and explicitly remove the buyer and seller from any other responsibility to each other.
Why Do I Need This?
This Sales of Shares agreement template has a number of elements that identify the terms and conditions of selling shares. At a minimum, they list the seller, buyer and guarantor, purchasing price, the number of shares sold, when the shares come into force, options for additional shares, and additional commitments.
What’s the Main Benefit?
Share Sale Agreements generally include clauses that protect the purchaser in a breach of contract. A company and a shareholder are separate entities, so any liabilities such as hidden taxes or debts belong solely to the company. The purchaser has no responsibility to help the company overcome such liabilities. Investing in a legally-binding document written up by the experts here at Bayard Lawyers is the ideal way of protecting yourself.