San Antonio Texas Sample Common Shares Purchase Agreement between Visible Genetics, Inc. and Investors

• Category: Corporations - Public
• State: Multi-State
• City: San Antonio
• 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. Title: San Antonio Texas Sample Common Shares Purchase Agreement: Visible Genetics, Inc. and Investors Introduction: The San Antonio Texas Sample Common Shares Purchase Agreement serves as a legally binding document between Visible Genetics, Inc. (the "Company") and investors for the purchase of common shares. This agreement outlines the terms and conditions, rights, and obligations of both parties involved in the transaction. Below, we describe the key components of the agreement, including its purpose, structure, and any potential variations. 1. Agreement Purpose: The purpose of this San Antonio Texas Sample Common Shares Purchase Agreement is to regulate the sale and purchase of common shares of Visible Genetics, Inc. by investors. It establishes the rights, responsibilities, and respective interests of both the Company and the investors. 2. Parties Involved: This agreement involves two primary parties: a. Visible Genetics, Inc.: A San Antonio-based company engaged in the development and commercialization of genetic testing technologies. b. Investors: Individuals or entities looking to invest in Visible Genetics, Inc. by purchasing its common shares. 3. Key Terms and Conditions: The San Antonio Texas Sample Common Shares Purchase Agreement covers the following critical elements: a. Purchase Price: The agreed-upon price at which the investors will acquire Visible Genetics, Inc.'s common shares. b. Quantity of Shares: The total number of common shares to be purchased by the investors. c. Payment Terms: The method and timeline for payment of the purchase price. d. Representations and Warranties: Assurance from both parties regarding their legal capacity, authority, and compliance with applicable laws. e. Transfer Restrictions: Any limitations or conditions on the transfer of common shares by the investors. f. Governing Law: The jurisdiction under which the agreement is governed (often Texas or San Antonio). g. Dispute Resolution: A method for resolving disputes, such as arbitration or mediation. 4. Types of San Antonio Texas Sample Common Shares Purchase Agreements: While San Antonio Texas Sample Common Shares Purchase Agreement typically follows a similar structure, variations may arise depending on specific circumstances or alterations required by the parties involved. Examples of different types of agreements include: a. Preferred Shares Purchase Agreement: When the purchase involves preferred shares to common shares, the agreement would cater specifically to this type of equity. b. Block Purchase Agreement: If an investor intends to acquire a significant block of common shares, a separate agreement may be necessary to address specific considerations. Conclusion: This detailed description of the San Antonio Texas Sample Common Shares Purchase Agreement between Visible Genetics, Inc. and Investors provides an overview of its purpose, key terms, and parties involved in the agreement. It is crucial to consult legal professionals when drafting or entering into such agreements to ensure compliance with the relevant laws and the specific circumstances.

Title: San Antonio Texas Sample Common Shares Purchase Agreement: Visible Genetics, Inc. and Investors Introduction: The San Antonio Texas Sample Common Shares Purchase Agreement serves as a legally binding document between Visible Genetics, Inc. (the "Company") and investors for the purchase of common shares. This agreement outlines the terms and conditions, rights, and obligations of both parties involved in the transaction. Below, we describe the key components of the agreement, including its purpose, structure, and any potential variations. 1. Agreement Purpose: The purpose of this San Antonio Texas Sample Common Shares Purchase Agreement is to regulate the sale and purchase of common shares of Visible Genetics, Inc. by investors. It establishes the rights, responsibilities, and respective interests of both the Company and the investors. 2. Parties Involved: This agreement involves two primary parties: a. Visible Genetics, Inc.: A San Antonio-based company engaged in the development and commercialization of genetic testing technologies. b. Investors: Individuals or entities looking to invest in Visible Genetics, Inc. by purchasing its common shares. 3. Key Terms and Conditions: The San Antonio Texas Sample Common Shares Purchase Agreement covers the following critical elements: a. Purchase Price: The agreed-upon price at which the investors will acquire Visible Genetics, Inc.'s common shares. b. Quantity of Shares: The total number of common shares to be purchased by the investors. c. Payment Terms: The method and timeline for payment of the purchase price. d. Representations and Warranties: Assurance from both parties regarding their legal capacity, authority, and compliance with applicable laws. e. Transfer Restrictions: Any limitations or conditions on the transfer of common shares by the investors. f. Governing Law: The jurisdiction under which the agreement is governed (often Texas or San Antonio). g. Dispute Resolution: A method for resolving disputes, such as arbitration or mediation. 4. Types of San Antonio Texas Sample Common Shares Purchase Agreements: While San Antonio Texas Sample Common Shares Purchase Agreement typically follows a similar structure, variations may arise depending on specific circumstances or alterations required by the parties involved. Examples of different types of agreements include: a. Preferred Shares Purchase Agreement: When the purchase involves preferred shares to common shares, the agreement would cater specifically to this type of equity. b. Block Purchase Agreement: If an investor intends to acquire a significant block of common shares, a separate agreement may be necessary to address specific considerations. Conclusion: This detailed description of the San Antonio Texas Sample Common Shares Purchase Agreement between Visible Genetics, Inc. and Investors provides an overview of its purpose, key terms, and parties involved in the agreement. It is crucial to consult legal professionals when drafting or entering into such agreements to ensure compliance with the relevant laws and the specific circumstances.