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A bilateral contract is an agreement between two parties in which each side agrees to fulfill their side of the bargain. Typically, bilateral contracts involve an equal obligation or consideration from the offeror and the offeree, although this need not always be the case.
A simplified, short form agreement (SPA) for the sale and purchase of the entire issued share capital of a private limited company, involving a single target company and a simultaneous exchange and completion.
A Share Purchase Agreement, also called a Stock Purchase Agreement, is used to transfer the ownership of shares (also called stock) in a company from a seller to a buyer.
A contract is a legally enforceable agreement between two or more parties that creates an obligation to do (or not do) a particular thing. The parties must intend to create a legally enforceable agreement, but they need not intend to create ? or even understand ? that they are entering into a ?contract.?
The following are listed in a share purchase agreement: Name of the company. Par value of shares. Name of purchaser. Warranties and representations made by seller and purchaser. Employee benefits and bonuses. Number of shares being sold. Details of the transaction. Indemnification agreement for unforeseen costs.
What is a Sharing Agreement? A sharing agreement is a legal agreement between two or more parties to govern the rights and responsibilities while sharing the use of or access to an asset. Sharing agreements can apply to property, information, data, services, among other things.
The Shareholder's Agreement is generally used to resolve disputes between the corporation and the Shareholder. The Share Purchase Agreement, on the other hand, is a document that justifies the exchange of shares held by the Buyer and Seller.
1.2 Contract. A contract is an agreement between two or more persons, enforceable by law it creates a legal relationship of rights and duties on the parties.