Importance of Share Purchase Agreement

A share purchase agreement (SPA) is a contract among two businesses or individuals in which the trader consents to sell a declared sum of shares to the client at an estimated price. The goal of this document is to demonstrate the conditions of the contract and make sure they are commonly agreed upon. Such a contract details the consideration and the sum of shares to be sold, the terms criterion (for instance, the approvals required) and agreement by the parties. The portion or the sum of the shares will be allocated after the contract is sealed and signed (depending on the grounds of the agreement.)

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Benefits of a Share Purchase Agreement

Business Alertness

As a vital business habit, SPA is undertaken during the onboarding process of a to be shareowner. Although several recent companies plan to begin unintentionally, the lack of such an agreement could lead to many unnecessary outcomes which could have been easily avoided.

Secures the People Involved

A Share Purchase contract secures the people involved as it gives the liberty for both to guard their concerns well ahead of the transfer of shares. As an all-inclusive agreement, it protects all facets of the business dealings and is vital for the parties involved to analyse every condition included in the agreement and thereby comprehend its meaning.

Share Purchase Agreement Process

3 Business Days

Upon contact, your request to file for a legal notice will be received and our representative will be in touch with you to take your request forward. If we need more information from your end, we will call you as and when required. After we receive all your details, our in-house lawyers and legal experts, will create the legal notice and send it across for your view within 2- 4 business days.

2 Business Days

Your original price includes two rounds of iterations. Therefore, if you need any changes done to the legal notice, our lawyers will do the needful and send it across to you for your view once again.

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