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A share purchase agreement is a legal contract between two parties: a seller and a buyer. They may be referred to as the vendor and purchaser in the contract. The contract is proof that the sale and the terms of it were mutually agreed upon.

A share purchase agreement is a formal contract or an agreement that sets out the terms and conditions relating to the sale and purchase of shares in a company. The share purchase agreement should very clearly set out what is being sold, to whom and for how much, as well as any other obligations and liabilities.

The closing is the moment a posteriori in which both parties effectively fulfil their main obligations (delivery of the object and payment of the stipulated price) as the agreed conditions are met, so that the consummation takes place, i.e., the completion of the legal transaction with the following transfer of the ...

The closing date refers to the date when a company purchase and sale transaction is signed off and completed. This date may be different than the effective date, which is the date when the transaction is deemed to have occurred.

Timetable for completion The date is usually set by the seller and may be subject to extension if the parties agree. An extension may be requested if there are delays to shareholders' consent to the sale and if a competitive authority believes that the transfer may put other companies at an unfair disadvantage.

A purchase agreement is a legal document that is signed by both the buyer and the seller. Once it is signed by both parties, it is a legally binding contract. The seller can only accept the offer by signing the document, not by just providing the goods.