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Sale Of Shares Contract
"I need a Sale of Shares Contract under Singapore law for the transfer of 30% shareholding in my tech startup to a venture capital investor, with completion scheduled for March 2025 and including standard warranties and non-compete provisions."
1. Parties: Details of the seller(s) and purchaser(s) of the shares
2. Background: Context of the transaction and company information
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core terms of the share transfer including price and number of shares
5. Completion: Details of when and how the transfer will be completed
6. Warranties and Representations: Standard warranties about share ownership and authority to sell
7. Payment Terms: Details of how and when payment will be made
1. Conditions Precedent: Used when completion is subject to certain conditions being met, typically for complex transactions or when regulatory approvals are needed
2. Non-Competition Clause: Restrictions on seller's future business activities, used when protecting company's business interests is crucial
3. Tag-Along Rights: Rights of minority shareholders to join in the sale, applicable when dealing with multiple shareholders
4. Drag-Along Rights: Rights to force minority shareholders to join in the sale, applicable when dealing with multiple shareholders
1. Share Details Schedule: Detailed information about the shares being transferred
2. Company Information Schedule: Key details about the company whose shares are being transferred
3. Warranties Schedule: Detailed warranties and representations by the seller
4. Completion Requirements Schedule: List of documents and actions required at completion
5. Board Resolutions: Copies of relevant board approvals
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