Virginia 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: Virginia Sample Stock Purchase Agreement: Grey stone Funding Corporation and Schick Technologies, Inc. Introduction: A Stock Purchase Agreement (SPA) is a legally binding document that outlines the terms and conditions of the purchase and sale of stock shares between two parties. This article discusses the Virginia Sample Stock Purchase Agreement between Grey stone Funding Corporation and Schick Technologies, Inc. Below, we delve into the key provisions of this agreement, emphasizing the various types of Sample Stock Purchase Agreements available for different situations. 1. Parties and Background: The first section of the agreement introduces the parties involved. Grey stone Funding Corporation (Purchaser) is a reputable financial institution, while Schick Technologies, Inc. (Seller) is a renowned technology company. The agreement summarizes the respective backgrounds and identifies their roles within the transaction. 2. Stock Purchase Transaction: This section outlines the essential details of the stock purchase transaction. It provides the specifics regarding the number of shares being purchased and the purchase price per share. Additionally, it elucidates any conditions or prerequisites for the completion of the transaction. 3. Representations and Warranties: Both parties make representations and warranties to ensure transparency and protect their interests. This section covers statements regarding the company's ownership, financial information, material contracts, intellectual property, compliance with laws, and other pertinent aspects. They are provided to ascertain the accuracy of information exchanged during the transaction. 4. Closing Conditions: The Closing Conditions section lists the events or requirements that must be fulfilled to ensure a successful closing of the stock purchase transaction. This may include obtaining necessary approvals, consents, or waivers, and the provision of certain documents. 5. Indemnification and Liability: To safeguard both parties, this section describes the indemnification obligations and liabilities for any breaches of representations, warranties, or covenants. It outlines the procedures, limitations, and timeframes for making claims and seeking remedies. 6. Governing Law and Jurisdiction: This clause specifies that the agreement will be governed by Virginia state law and identifies the appropriate jurisdiction for any disputes that may arise. Parties involved typically choose a governing law and jurisdiction that is most suitable and convenient for them. Additional Types of Virginia Sample Stock Purchase Agreements: 1. Asset Purchase Agreement: If the transaction includes the purchase of specific assets rather than shares, an Asset Purchase Agreement may be used to address the transfer and sale of those assets. 2. Stockholders Agreement: In cases where the stock purchase involves multiple shareholders, a Stockholders Agreement may be required. This document governs the relationship and rights of shareholders in addition to the basic terms of the stock purchase. Conclusion: The Virginia Sample Stock Purchase Agreement between Grey stone Funding Corporation and Schick Technologies, Inc. exemplifies a comprehensive agreement that protects the interests of both parties involved in the stock purchase transaction. It is important for parties to seek legal advice and customize the agreement according to their specific needs and preferences.

Title: Virginia Sample Stock Purchase Agreement: Grey stone Funding Corporation and Schick Technologies, Inc. Introduction: A Stock Purchase Agreement (SPA) is a legally binding document that outlines the terms and conditions of the purchase and sale of stock shares between two parties. This article discusses the Virginia Sample Stock Purchase Agreement between Grey stone Funding Corporation and Schick Technologies, Inc. Below, we delve into the key provisions of this agreement, emphasizing the various types of Sample Stock Purchase Agreements available for different situations. 1. Parties and Background: The first section of the agreement introduces the parties involved. Grey stone Funding Corporation (Purchaser) is a reputable financial institution, while Schick Technologies, Inc. (Seller) is a renowned technology company. The agreement summarizes the respective backgrounds and identifies their roles within the transaction. 2. Stock Purchase Transaction: This section outlines the essential details of the stock purchase transaction. It provides the specifics regarding the number of shares being purchased and the purchase price per share. Additionally, it elucidates any conditions or prerequisites for the completion of the transaction. 3. Representations and Warranties: Both parties make representations and warranties to ensure transparency and protect their interests. This section covers statements regarding the company's ownership, financial information, material contracts, intellectual property, compliance with laws, and other pertinent aspects. They are provided to ascertain the accuracy of information exchanged during the transaction. 4. Closing Conditions: The Closing Conditions section lists the events or requirements that must be fulfilled to ensure a successful closing of the stock purchase transaction. This may include obtaining necessary approvals, consents, or waivers, and the provision of certain documents. 5. Indemnification and Liability: To safeguard both parties, this section describes the indemnification obligations and liabilities for any breaches of representations, warranties, or covenants. It outlines the procedures, limitations, and timeframes for making claims and seeking remedies. 6. Governing Law and Jurisdiction: This clause specifies that the agreement will be governed by Virginia state law and identifies the appropriate jurisdiction for any disputes that may arise. Parties involved typically choose a governing law and jurisdiction that is most suitable and convenient for them. Additional Types of Virginia Sample Stock Purchase Agreements: 1. Asset Purchase Agreement: If the transaction includes the purchase of specific assets rather than shares, an Asset Purchase Agreement may be used to address the transfer and sale of those assets. 2. Stockholders Agreement: In cases where the stock purchase involves multiple shareholders, a Stockholders Agreement may be required. This document governs the relationship and rights of shareholders in addition to the basic terms of the stock purchase. Conclusion: The Virginia Sample Stock Purchase Agreement between Grey stone Funding Corporation and Schick Technologies, Inc. exemplifies a comprehensive agreement that protects the interests of both parties involved in the stock purchase transaction. It is important for parties to seek legal advice and customize the agreement according to their specific needs and preferences.