A shares purchase contract is a contract that deals with the case of purchasing of a share or shares. This type of a contract is a legal document and contains a detailed account of the parties involved along with the terms and conditions of the contract. The parties involved are called ‘BUYER’ and ‘SELLER’.
Sample shares purchase contract
This shares purchase contract is made on the 29th of January, 2011 by and among the parties known as the ‘SELLER’ and the ‘BUYER’.
Mr. Richmond Mathew is herein referred to as the SELLER in the contract and he resides at 123-P, Mark avenue, London. He can be contacted on 483098509506.
Mr. Jamie Daniel is herein referred to as the BUYER in the contract and he resides at 67-K, Nathan district, London. He can be contacted on 4870935890345.
Corporation name: Mathew Estate
Amount of shares being sold: 350
Description of shares: Class C redeemable
Purchase price: $ 5500
Closing date: 12 March, 2011
The following are the terms and conditions of the contract:
- The BUYER agrees to purchase the shares on the closing date.
- The SELLER agrees to sell and issue the shares to the BUYER on the closing date.
- The SELLER’s company is a duly recognised and validly existing firm and any misconduct or wrong representation of registration details shall be met with implications that come under law.
- The BUYER would have to pay the purchase price on the right time and the failure to do so will entitle the SELLER to take actions against the BUYER.
Richmond Mathew Jamie Daniel