Stock Purchase Agreement
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This stock agreement template helps you break down the value of shares and timeline for the sale, assuring both sides of the transaction are covered.This Stock Purchase Agreement (the “Agreement” or “Stock Purchase Agreement”) states the terms and conditions that govern the contractual agreement between [Purchaser.Name] having his principal residence located at [Address] (the “Purchaser”), and [Seller.Name] having his principal residence located at [Address](the “Seller”) who agrees to be bound by this Agreement.
WHEREAS, the Seller owns [Number] Shares of [Type] stock, which amounts to [Percentage] of the outstanding shares of stock in [Company.Name], a [State] corporation (the “Company); and WHEREAS, the Seller desires to sell the stock, as described below, to the Purchaser and the Purchaser agrees to purchase the stock, as described below, from the Seller subject to the terms and conditions herein.
NOW, THEREFORE, in consideration of the mutual covenants and promises made by the parties hereto, the Purchaser and the Seller (individually, each a “Party” and collectively, the “Parties”) covenant and agree as follows.
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