Travis Texas Sample Stock Purchase Agreement between Goshen Rubber Companies, Inc., shareholders and Wynn's International, Inc.

• Category: Corporations - Public - Stock Purchase Sample
• State: Multi-State
• County: Travis
• Control #: US-EG-9157
• Format: Word; Rich Text

Description

Stock Purchase Agreement between Goshen Rubber Companies, Inc., William P. Johnson, shareholders and Wynn's International, Inc. dated October 20, 1999. 5 pages Travis Texas Sample Stock Purchase Agreement: Introduction: The Travis Texas Sample Stock Purchase Agreement is a legally binding document that outlines the terms and conditions under which the shareholders of Goshen Rubber Companies, Inc. (hereinafter referred to as "Seller") agree to sell their shares to Wynn's International, Inc. (hereinafter referred to as "Buyer"). Key Parties: The agreement primarily involves two major parties: the shareholders of Goshen Rubber Companies, Inc. and Wynn's International, Inc. The shareholders collectively referred to as "Seller" and individually as "Shareholder" or "Sellers." Agreement Types: 1. Travis Texas Sample Stock Purchase Agreement (Standard): This type of agreement represents the general stock purchase agreement between Goshen Rubber Companies, Inc. shareholders and Wynn's International, Inc. It covers the basic provisions and clauses commonly found in a typical stock purchase agreement. 2. Travis Texas Sample Stock Purchase Agreement (Customized): This variant of the agreement is tailored to specific requirements, terms, or unique circumstances of the transaction. It allows for customization to address specific contingencies or provisions based on the negotiation between the Seller and Buyer. Key Clauses and Terms: 1. Purchase Price: The agreement defines the purchase price of the shares to be transferred. It may include an upfront payment, installment payments, or a combination of both. The terms of payment, such as currency, due dates, and methods, will also be detailed. 2. Closing Date and Conditions: The agreement specifies the closing date on which the stock purchase will be executed. It outlines the conditions precedent that must be met by both parties before the closing, including regulatory approvals, consents, and other necessary actions. 3. Representations and Warranties: Both the Seller and the Buyer make various representations and warranties concerning the shares, the company, assets, liabilities, financial records, and legal compliance. This ensures transparency and protects both parties' interests. 4. Indemnification and Hold Harmless: Provisions are included to protect the parties from any losses, damages, claims, or liabilities arising from breach of representations, warranties, or other obligations under the agreement. 5. Governing Law and Dispute Resolution: The agreement specifies the applicable governing law, jurisdiction, and the preferred method for resolving disputes, such as arbitration or mediation. 6. Confidentiality and Non-Disclosure: To safeguard sensitive information shared during the transaction, the agreement imposes confidentiality obligations on both parties, restricting the dissemination of any non-public information to third parties. Conclusion: The Travis Texas Sample Stock Purchase Agreement provides a comprehensive framework for the sale of shares between Goshen Rubber Companies, Inc. shareholders and Wynn's International, Inc. It offers flexibility for customization while ensuring important aspects, such as price, conditions, representations, warranties, and dispute resolution, are properly addressed. It provides protection for the interests of both parties involved in the stock purchase transaction.

Travis Texas Sample Stock Purchase Agreement: Introduction: The Travis Texas Sample Stock Purchase Agreement is a legally binding document that outlines the terms and conditions under which the shareholders of Goshen Rubber Companies, Inc. (hereinafter referred to as "Seller") agree to sell their shares to Wynn's International, Inc. (hereinafter referred to as "Buyer"). Key Parties: The agreement primarily involves two major parties: the shareholders of Goshen Rubber Companies, Inc. and Wynn's International, Inc. The shareholders collectively referred to as "Seller" and individually as "Shareholder" or "Sellers." Agreement Types: 1. Travis Texas Sample Stock Purchase Agreement (Standard): This type of agreement represents the general stock purchase agreement between Goshen Rubber Companies, Inc. shareholders and Wynn's International, Inc. It covers the basic provisions and clauses commonly found in a typical stock purchase agreement. 2. Travis Texas Sample Stock Purchase Agreement (Customized): This variant of the agreement is tailored to specific requirements, terms, or unique circumstances of the transaction. It allows for customization to address specific contingencies or provisions based on the negotiation between the Seller and Buyer. Key Clauses and Terms: 1. Purchase Price: The agreement defines the purchase price of the shares to be transferred. It may include an upfront payment, installment payments, or a combination of both. The terms of payment, such as currency, due dates, and methods, will also be detailed. 2. Closing Date and Conditions: The agreement specifies the closing date on which the stock purchase will be executed. It outlines the conditions precedent that must be met by both parties before the closing, including regulatory approvals, consents, and other necessary actions. 3. Representations and Warranties: Both the Seller and the Buyer make various representations and warranties concerning the shares, the company, assets, liabilities, financial records, and legal compliance. This ensures transparency and protects both parties' interests. 4. Indemnification and Hold Harmless: Provisions are included to protect the parties from any losses, damages, claims, or liabilities arising from breach of representations, warranties, or other obligations under the agreement. 5. Governing Law and Dispute Resolution: The agreement specifies the applicable governing law, jurisdiction, and the preferred method for resolving disputes, such as arbitration or mediation. 6. Confidentiality and Non-Disclosure: To safeguard sensitive information shared during the transaction, the agreement imposes confidentiality obligations on both parties, restricting the dissemination of any non-public information to third parties. Conclusion: The Travis Texas Sample Stock Purchase Agreement provides a comprehensive framework for the sale of shares between Goshen Rubber Companies, Inc. shareholders and Wynn's International, Inc. It offers flexibility for customization while ensuring important aspects, such as price, conditions, representations, warranties, and dispute resolution, are properly addressed. It provides protection for the interests of both parties involved in the stock purchase transaction.