Michigan Sample Common Shares Purchase Agreement between Visible Genetics, Inc. and Investors

• Category: Corporations - Public
• State: Multi-State
• Control #: US-EG-9208
• Format: Word; Rich Text

Description

Common Shares Purchase Agreement of Visible Genetics, Inc. regarding the sale and purchase of common shares dated December 14, 1999. 26 pages. Michigan Sample Common Shares Purchase Agreement between Visible Genetics, Inc. and Investors is a legal document that outlines the terms and conditions for the purchase of common shares in Visible Genetics, Inc. The agreement is specific to the state of Michigan and is designed to protect the interests of both the company and the investors. The Michigan Sample Common Shares Purchase Agreement includes various key provisions that govern the purchase of common shares. These provisions may include: 1. Parties Involved: This section identifies the parties involved in the agreement, namely Visible Genetics, Inc. (the issuing company) and the investors who are purchasing the common shares. 2. Purchase Price: The agreement specifies the purchase price per share or a formula for determining the purchase price. It may also outline any adjustments or conditions associated with the purchase price. 3. Conditions Precedent: This clause outlines any conditions that must be met before the purchase can be finalized. For example, approval from regulatory authorities or certain actions by the company or investors may be required. 4. Representations and Warranties: This section includes statements made by the company regarding its financial condition, ownership of assets, and any legal or regulatory compliance issues. It also outlines any representations made by the investors regarding their ability to purchase the shares. 5. Closing and Delivery: This provision specifies the date and location for the closing of the purchase, as well as the delivery of the share certificates and any other documentation required. 6. Governing Law and Dispute Resolution: The agreement may designate Michigan law as the governing law for the agreement and outline the resolution process for any disputes that may arise. 7. Confidentiality and Non-Disclosure: This section establishes the obligation of both parties to keep any confidential information shared during the transaction confidential and not disclose it to any third parties. 8. Indemnification: This provision protects both parties by outlining the circumstances under which one party may be required to compensate the other for loss or damages arising from the agreement. Different types of Michigan Sample Common Shares Purchase Agreements may exist based on specific terms and variations. For example, there may be agreements that differ in the number of shares being purchased, the purchase price, or additional rights and obligations of the investors. It is important to consult a legal professional to ensure that the agreement accurately reflects the intentions and requirements of both Visible Genetics, Inc. and the investors.

Michigan Sample Common Shares Purchase Agreement between Visible Genetics, Inc. and Investors is a legal document that outlines the terms and conditions for the purchase of common shares in Visible Genetics, Inc. The agreement is specific to the state of Michigan and is designed to protect the interests of both the company and the investors. The Michigan Sample Common Shares Purchase Agreement includes various key provisions that govern the purchase of common shares. These provisions may include: 1. Parties Involved: This section identifies the parties involved in the agreement, namely Visible Genetics, Inc. (the issuing company) and the investors who are purchasing the common shares. 2. Purchase Price: The agreement specifies the purchase price per share or a formula for determining the purchase price. It may also outline any adjustments or conditions associated with the purchase price. 3. Conditions Precedent: This clause outlines any conditions that must be met before the purchase can be finalized. For example, approval from regulatory authorities or certain actions by the company or investors may be required. 4. Representations and Warranties: This section includes statements made by the company regarding its financial condition, ownership of assets, and any legal or regulatory compliance issues. It also outlines any representations made by the investors regarding their ability to purchase the shares. 5. Closing and Delivery: This provision specifies the date and location for the closing of the purchase, as well as the delivery of the share certificates and any other documentation required. 6. Governing Law and Dispute Resolution: The agreement may designate Michigan law as the governing law for the agreement and outline the resolution process for any disputes that may arise. 7. Confidentiality and Non-Disclosure: This section establishes the obligation of both parties to keep any confidential information shared during the transaction confidential and not disclose it to any third parties. 8. Indemnification: This provision protects both parties by outlining the circumstances under which one party may be required to compensate the other for loss or damages arising from the agreement. Different types of Michigan Sample Common Shares Purchase Agreements may exist based on specific terms and variations. For example, there may be agreements that differ in the number of shares being purchased, the purchase price, or additional rights and obligations of the investors. It is important to consult a legal professional to ensure that the agreement accurately reflects the intentions and requirements of both Visible Genetics, Inc. and the investors.