South Dakota Sample Stock Purchase Agreement between Grey stone Funding Corporation and Schick Technologies, Inc. This South Dakota Sample Stock Purchase Agreement ("Agreement") is entered into on [Date], between Grey stone Funding Corporation, hereinafter referred to as "Buyer", and Schick Technologies, Inc., hereafter referred to as "Seller", collectively referred to as the "Parties" or individually as "Party". 1. Purchase and Sale of Stock Under this Agreement, Buyer agrees to purchase and Seller agrees to sell, transfer, and assign to Buyer [number of shares] of common stock, par value $[value] per share, of Schick Technologies, Inc. This transaction shall be completed for a total purchase price of $[amount] payable by certified check, wire transfer, or any other mutually agreed method. 2. Representations and Warranties Seller represents and warrants that it is the legal and beneficial owner of the stock, free and clear of all liens, encumbrances, claims, or restrictions. Seller further represents that it has the full authorization to enter into this Agreement and has obtained any necessary approvals in accordance with its organizational documents or applicable laws. Buyer acknowledges that it has conducted its own due diligence and is satisfied with the representations and warranties made by Seller. Buyer acknowledges that it is assuming all risks associated with the stock purchase. 3. Closing and Deliverables The closing of the stock purchase shall occur on or before [Closing Date] at a mutually agreed upon location. At the closing, Seller shall deliver to Buyer the stock certificates duly endorsed for transfer and any related documents necessary to effectuate the transfer of ownership. Buyer shall deliver the purchase price as specified in section 1. 4. Governing Law and Dispute Resolution This Agreement shall be governed by and construed in accordance with the laws of the State of South Dakota. Any disputes arising out of this Agreement shall be resolved through mediation, and if necessary, binding arbitration in accordance with the rules of the American Arbitration Association. 5. Confidentiality Both Parties shall keep the terms and conditions of this Agreement confidential, unless otherwise required by law or with the written consent of the other Party. Additional Types of South Dakota Sample Stock Purchase Agreement between Grey stone Funding Corporation and Schick Technologies, Inc.: — South Dakota Sample Stock Purchase Agreement for Preferred Stock: This agreement will vary in terms of the type of stock being purchased, terms related to dividend payments, liquidation preferences, and other specific clauses relevant to preferred stock transactions. — South Dakota Sample Stock Purchase Agreement with Escrow: This type of agreement may involve an escrow agent who holds the purchase price in escrow until certain conditions are met, such as regulatory approvals or the satisfaction of representations and warranties. — South Dakota Sample Stock Purchase Agreement for Restricted Stock: This agreement may be used when purchasing restricted stock, subject to certain vesting provisions or resale restrictions that may require additional clauses addressing these particular circumstances. Please note that the above descriptions are only hypothetical examples of different types of stock purchase agreements. The actual details and terminology may vary depending on the specific transaction and legal requirements.
South Dakota Sample Stock Purchase Agreement between Greystone Funding Corporation and Schick Technologies, Inc.
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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.
Common due diligence issues unique to stock purchases include the seller's title to the target company's stock, terms of key contracts, identifying the target company's liabilities, and the nature and condition of the target company's assets.
A stock sale agreement, also called a share purchase agreement, is used to transfer the ownership of stock in a company from a seller to a buyer. Stock are units of ownership in a company that are divided among stockholders.
Stock purchase agreements (SPAs) are legally binding contracts between shareholders and companies. Also known as share purchase agreements, these contracts establish all of the terms and conditions related to the sale of a company's stocks.
A stock purchase agreement typically includes the following information: Your business name. The name and mailing address of the entity buying shares in your company's stocks. The par value (essentially the sale price) of the stocks being sold. The number of stocks the buyer is purchasing.
This means that the Seller is entitled to the cash on the balance sheet on the closing date of the transaction, and that the Seller is responsible for debts owed by the company (defined as Indebtedness).