Free Share Purchase Agreement

A share purchase agreement details the transfer of stock shares from a seller to a buyer.

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Whenever shares are to be transferred between two parties, memorializing the sale through a Share Purchase Agreement protects both the buyer and the seller. Using a Share Purchase Agreement ensures that the details and restrictions of the transaction are laid out in writing and agreed upon by all parties.

Frequently Asked Questions

 

 

A share purchase agreement  is a document that details the transfer of stock shares from a seller to a buyer. 

 

Whether you are selling or purchasing shares of stock, you may use this Share Purchase Agreement to clarify the terms and condition of the stock transfer.

In order to create your Agreement, provide:

  1. Effective Date: Select the date the agreement will be signed and made effective.

  2. Governing State: Select which state’s laws will apply to this state. 

  3. Seller Details: Give the name and contact information of the seller of the shares of stock.

  4. Issuing Company Details: Give the name of the company that issued the shares being transferred.

  5. Stock Type: Describe the class of stock subject to this transaction. The typical type of stock involved in this type of transaction is common stock.

    1. If the seller of the shares is the issuing company, provide the total number of shares that exist in the class.

  6. Par Value: Par value is set by the governing document(s) of the issuing company. This is not the value that is determined by the market. If the shares of stock have a par value, enter that value.

  7. Purchaser details: Give the name and contact information of the purchaser of the shares.

  8. Transferred Shares: Enter the total number of shares of being purchased through this agreement, the total amount being paid for all of the shares being purchased, how many payments will be made, how much each payment will consist of, etc.

  9. Transfer Restrictions:The corporation may place restrictions on the sale and transfer of their shares of stock, such as requiring a purchase option to be issued to the other shareholders of the company, before the sale of shares to a third party may be completed. Restriction covenants will either be detailed in a shareholders agreement or a separate stock restriction agreement. When this is true, the seller of the shares must adequately follow the procedures detailed by the company before this agreement can be used.

  10. Closing Date:  On the closing date, each party will perform all of the actions necessary  to complete the transfer of the shares of stock. Select the time, date and location of the agreement’s closing.

 

 

 

Our propriety form generator will assist you in creating your customized Share Purchase Agreement within minutes. Answering the questions is not complicated – you only fill in the requested information and we will put it together for you.

Once you complete the questionnaire and place your order, it will be available for immediate download in either PDF or Word document from your secure online account including a step-by-step guide on how to use your document.

 

 

 

Generally, a Share Purchase Agreement does not need to be notarized – both parties only need to sign the document to make it legally enforceable. A witness may be helpful in the event the signatures on the agreement are ever challenged, but a notary is not necessary.

Please Note: The use of a notary ensures that no one challenges any signatures later and is a secure way to firmly establish the effectiveness of your document.