Illinois Sample Stock Purchase Agreement between Greystone Funding Corporation and Schick Technologies, Inc.

• Category: Corporations - Public - Stock Purchase Sample
• State: Multi-State
• Control #: US-EG-9228
• Format: Word; Rich Text

Description

Stock Purchase Agreement between Greystone Funding Corporation and Schick Technologies, Inc. regarding the purchase of outstanding capital stock dated December 27, 1999. 7 pages. Title: Illinois Sample Stock Purchase Agreement: Grey stone Funding Corporation and Schick Technologies, Inc. Introduction: The Illinois Sample Stock Purchase Agreement serves as a legally binding document between Grey stone Funding Corporation and Schick Technologies, Inc. This agreement outlines the terms and conditions related to the purchase and sale of stock shares between the two entities, ensuring a smooth and transparent transaction. Several types of Stock Purchase Agreements exist, depending on the specific features and clauses included. Here, we will demonstrate a detailed description of this agreement, highlighting its key components and relevant keywords. Key Components: 1. Parties Involved: Grey stonene Funding Corporation (referred to as the "Purchaser") — Schick Technologies, Inc. (referred to as the "Company" or "Seller") 2. Stock Purchase Consideration: — The agreement specifies the total consideration amount to be paid by the Purchaser to acquire the Seller's stock shares, along with a breakdown of payment terms, such as cash, promissory notes, or other acceptable forms. 3. Representations and Warranties: — Both parties provide detailed assertions about their legal capacity, authorization, and financial stability. — Representations cover various aspects such as ownership, title, absence of liens or encumbrances, compliance with laws, and intellectual property rights. 4. Due Diligence: — The agreement may include provisions requiring the Seller to provide the Purchaser certain documents, financial statements, tax returns, contracts, and other relevant information. This ensures transparency and allows the Purchaser to assess the Company's viability. 5. Closing Conditions: — Specifies the prerequisites for the closing of the agreement, including regulatory approvals, consents, and any other conditions that need to be fulfilled before the completion of the stock purchase. 6. Indemnification: — Provides a mechanism for compensating the Purchaser or Seller in case of breaches of representations, warranties, or any other specified liabilities. 7. Governing Law and Jurisdiction: — Identifies that Illinois law governs the agreement's interpretation and enforcement, while specifying a preferred jurisdiction for resolving disputes. Types of Illinois Sample Stock Purchase Agreements between Grey stone Funding Corporation and Schick Technologies, Inc.: 1. "Standard Stock Purchase Agreement": — This type broadly encompasses the essential components mentioned above and is suitable for a straightforward stock purchase transaction. 2. "Full Disclosure Stock Purchase Agreement": — This version emphasizes detailed representations and warranties, exhaustive due diligence, and extensive disclosure requirements. It offers greater protection and disclosure for both parties. 3. "Expedited Stock Purchase Agreement": — Specifically designed for time-sensitive transactions, this agreement streamlines the process, often having condensed clauses and limited representations. Conclusion: The Illinois Sample Stock Purchase Agreement between Grey stone Funding Corporation and Schick Technologies, Inc. provides a comprehensive framework for acquiring stock shares. Its flexibility allows for customization, creating different types of agreements to suit specific transaction requirements. By approaching this agreement with transparency and adherence to relevant legalities, both parties can ensure a secure and satisfactory completion of the stock purchase.

Title: Illinois Sample Stock Purchase Agreement: Grey stone Funding Corporation and Schick Technologies, Inc. Introduction: The Illinois Sample Stock Purchase Agreement serves as a legally binding document between Grey stone Funding Corporation and Schick Technologies, Inc. This agreement outlines the terms and conditions related to the purchase and sale of stock shares between the two entities, ensuring a smooth and transparent transaction. Several types of Stock Purchase Agreements exist, depending on the specific features and clauses included. Here, we will demonstrate a detailed description of this agreement, highlighting its key components and relevant keywords. Key Components: 1. Parties Involved: Grey stonene Funding Corporation (referred to as the "Purchaser") — Schick Technologies, Inc. (referred to as the "Company" or "Seller") 2. Stock Purchase Consideration: — The agreement specifies the total consideration amount to be paid by the Purchaser to acquire the Seller's stock shares, along with a breakdown of payment terms, such as cash, promissory notes, or other acceptable forms. 3. Representations and Warranties: — Both parties provide detailed assertions about their legal capacity, authorization, and financial stability. — Representations cover various aspects such as ownership, title, absence of liens or encumbrances, compliance with laws, and intellectual property rights. 4. Due Diligence: — The agreement may include provisions requiring the Seller to provide the Purchaser certain documents, financial statements, tax returns, contracts, and other relevant information. This ensures transparency and allows the Purchaser to assess the Company's viability. 5. Closing Conditions: — Specifies the prerequisites for the closing of the agreement, including regulatory approvals, consents, and any other conditions that need to be fulfilled before the completion of the stock purchase. 6. Indemnification: — Provides a mechanism for compensating the Purchaser or Seller in case of breaches of representations, warranties, or any other specified liabilities. 7. Governing Law and Jurisdiction: — Identifies that Illinois law governs the agreement's interpretation and enforcement, while specifying a preferred jurisdiction for resolving disputes. Types of Illinois Sample Stock Purchase Agreements between Grey stone Funding Corporation and Schick Technologies, Inc.: 1. "Standard Stock Purchase Agreement": — This type broadly encompasses the essential components mentioned above and is suitable for a straightforward stock purchase transaction. 2. "Full Disclosure Stock Purchase Agreement": — This version emphasizes detailed representations and warranties, exhaustive due diligence, and extensive disclosure requirements. It offers greater protection and disclosure for both parties. 3. "Expedited Stock Purchase Agreement": — Specifically designed for time-sensitive transactions, this agreement streamlines the process, often having condensed clauses and limited representations. Conclusion: The Illinois Sample Stock Purchase Agreement between Grey stone Funding Corporation and Schick Technologies, Inc. provides a comprehensive framework for acquiring stock shares. Its flexibility allows for customization, creating different types of agreements to suit specific transaction requirements. By approaching this agreement with transparency and adherence to relevant legalities, both parties can ensure a secure and satisfactory completion of the stock purchase.