Franklin Ohio Acquisition Agreement between GO Online Networks Corp and Westlake Capital Corp regarding purchase and sale of company shares

• Category: Corporations - Public - Acquisitions
• State: Multi-State
• County: Franklin
• Control #: US-EG-9518
• Format: Word; Rich Text

Description

Acquisition Agreement between GO Online Networks Corporation and Westlake Capital Corporation regarding purchase and sell of company shares dated January 10, 2000. 18 pages. The Franklin Ohio Acquisition Agreement between GO Online Networks Corp and Westlake Capital Corp is a legally binding contract that outlines the terms and conditions of the purchase and sale of company shares. This agreement serves as a roadmap for the transaction, ensuring both parties are aligned and protected throughout the process. The agreement includes detailed provisions on the following key aspects: 1. Parties involved: The agreement clearly identifies GO Online Networks Corp as the buyer and Westlake Capital Corp as the seller. It clarifies their respective roles and obligations throughout the transaction. 2. Share purchase details: The agreement specifies the number of shares being sold, their type, and the purchase price. It outlines the payment terms, whether it will be a lump sum payment or installments, and any adjustments or contingencies. 3. Purchase price adjustment: In some cases, the agreement may include provisions for adjusting the purchase price based on certain factors such as the company's financial performance or the occurrence of specific events. 4. Representations and warranties: Both parties make certain statements and assurances about their rights, authority, and ownership of the shares being sold. These representations and warranties protect the buyer from potential liabilities or undisclosed issues. 5. Due diligence and access to information: The agreement may include provisions granting the buyer access to the company's books, records, and other important information. This allows the buyer to evaluate the value and condition of the shares being purchased. 6. Closing conditions: The agreement outlines the conditions that must be met before the transaction can be completed, such as obtaining necessary regulatory approvals or shareholder consents. 7. Indemnification: The agreement may include provisions regarding the indemnification of both parties against any potential losses, liabilities, or legal claims arising from the transaction. Types of Franklin Ohio Acquisition Agreement: 1. Stock Purchase Agreement: This type of agreement entails the purchase and sale of shares in a company, where the buyer acquires ownership in the form of stock. 2. Asset Purchase Agreement: In this type of agreement, the buyer acquires specific assets of the company rather than its shares. This may include tangible assets like equipment and inventory, as well as intangible assets like intellectual property or customer lists. 3. Merger Agreement: If the agreement involves the consolidation of two companies into one entity, it may be referred to as a merger agreement. This agreement outlines the terms and conditions of the merger, including the exchange of shares between the companies involved. In conclusion, the Franklin Ohio Acquisition Agreement between GO Online Networks Corp and Westlake Capital Corp is a comprehensive legal document that governs the purchase and sale of company shares. It ensures that both parties are protected and outlines their respective rights, obligations, and responsibilities throughout the transaction.

The Franklin Ohio Acquisition Agreement between GO Online Networks Corp and Westlake Capital Corp is a legally binding contract that outlines the terms and conditions of the purchase and sale of company shares. This agreement serves as a roadmap for the transaction, ensuring both parties are aligned and protected throughout the process. The agreement includes detailed provisions on the following key aspects: 1. Parties involved: The agreement clearly identifies GO Online Networks Corp as the buyer and Westlake Capital Corp as the seller. It clarifies their respective roles and obligations throughout the transaction. 2. Share purchase details: The agreement specifies the number of shares being sold, their type, and the purchase price. It outlines the payment terms, whether it will be a lump sum payment or installments, and any adjustments or contingencies. 3. Purchase price adjustment: In some cases, the agreement may include provisions for adjusting the purchase price based on certain factors such as the company's financial performance or the occurrence of specific events. 4. Representations and warranties: Both parties make certain statements and assurances about their rights, authority, and ownership of the shares being sold. These representations and warranties protect the buyer from potential liabilities or undisclosed issues. 5. Due diligence and access to information: The agreement may include provisions granting the buyer access to the company's books, records, and other important information. This allows the buyer to evaluate the value and condition of the shares being purchased. 6. Closing conditions: The agreement outlines the conditions that must be met before the transaction can be completed, such as obtaining necessary regulatory approvals or shareholder consents. 7. Indemnification: The agreement may include provisions regarding the indemnification of both parties against any potential losses, liabilities, or legal claims arising from the transaction. Types of Franklin Ohio Acquisition Agreement: 1. Stock Purchase Agreement: This type of agreement entails the purchase and sale of shares in a company, where the buyer acquires ownership in the form of stock. 2. Asset Purchase Agreement: In this type of agreement, the buyer acquires specific assets of the company rather than its shares. This may include tangible assets like equipment and inventory, as well as intangible assets like intellectual property or customer lists. 3. Merger Agreement: If the agreement involves the consolidation of two companies into one entity, it may be referred to as a merger agreement. This agreement outlines the terms and conditions of the merger, including the exchange of shares between the companies involved. In conclusion, the Franklin Ohio Acquisition Agreement between GO Online Networks Corp and Westlake Capital Corp is a comprehensive legal document that governs the purchase and sale of company shares. It ensures that both parties are protected and outlines their respective rights, obligations, and responsibilities throughout the transaction.