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Simple Share Purchase Agreement
"I need a Simple Share Purchase Agreement for acquiring 1,000 common shares in a Canadian technology startup from a single seller, with closing planned for March 15, 2025, and payment to be made in three installments."
1. Parties: Identification of the seller(s) and purchaser(s) with full legal names and addresses
2. Background: Context of the transaction, including description of the company whose shares are being sold
3. Definitions: Key terms used throughout the agreement
4. Purchase and Sale: Core transaction terms including number of shares, class of shares, and purchase price
5. Purchase Price and Payment: Details of consideration, payment method, and timing
6. Closing: Timing and mechanics of the closing, including deliverables
7. Representations and Warranties of the Seller: Seller's statements about ownership, authority to sell, and share status
8. Representations and Warranties of the Purchaser: Purchaser's statements about authority and capacity to purchase
9. Conditions Precedent: Conditions that must be met before closing
10. Covenants: Actions parties must take or refrain from taking before and after closing
11. Termination: Circumstances under which the agreement can be terminated
12. General Provisions: Standard clauses including notices, amendments, governing law, etc.
1. Purchase Price Adjustment: Used when the final purchase price may be adjusted based on closing accounts or other factors
2. Non-Competition and Non-Solicitation: Used when the seller needs to be restricted from competing or soliciting employees/customers
3. Earn-out Provisions: Used when part of the purchase price is contingent on future performance
4. Tax Matters: Used when specific tax treatments or allocations need to be addressed
5. Employee Matters: Used when there are specific arrangements regarding key employees
6. Intellectual Property: Used when IP assets are material to the transaction
7. Real Property: Used when the company owns significant real estate assets
8. Environmental Matters: Used when environmental liabilities are a concern
9. Transition Services: Used when the seller will provide services post-closing
1. Schedule A - Share Details: Details of the shares being sold including class, certificate numbers, and share numbers
2. Schedule B - Purchase Price Calculation: Detailed breakdown of the purchase price and any adjustments
3. Schedule C - Encumbrances: List of any liens, charges, or encumbrances on the shares
4. Schedule D - Corporate Information: Details about the corporation including articles, bylaws, and material contracts
5. Schedule E - Closing Deliverables: List of all documents and items to be delivered at closing
6. Schedule F - Representations and Warranties Disclosure: Exceptions or qualifications to the representations and warranties
7. Appendix 1 - Form of Share Certificate: Form of new share certificate to be issued to purchaser
8. Appendix 2 - Form of Resolution: Form of director's resolution approving the share transfer
Authors
Technology
Manufacturing
Professional Services
Retail
Real Estate
Financial Services
Healthcare
Energy
Transportation
Consumer Goods
Media and Entertainment
Agriculture
Construction
Mining
Legal
Finance
Corporate Development
Mergers & Acquisitions
Tax
Compliance
Corporate Secretariat
Treasury
Executive Leadership
Chief Executive Officer
Chief Financial Officer
Corporate Lawyer
Legal Counsel
Company Secretary
Financial Controller
Investment Manager
Business Development Manager
Mergers & Acquisitions Director
Corporate Development Officer
Transaction Manager
Compliance Officer
Tax Manager
Board Director
Managing Director
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