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Simple Share Purchase Agreement Template for United States

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Key Requirements PROMPT example:

Simple Share Purchase Agreement

"I need a Simple Share Purchase Agreement for the sale of 10,000 common shares in my Texas-based technology startup to a corporate investor, with completion scheduled for March 15, 2025, and payment to be made in two installments."

Document background
The Simple Share Purchase Agreement is a fundamental transaction document used for transferring ownership of company shares in the United States. This agreement is particularly suitable for straightforward share transfers where extensive warranties and complex conditions are not required. It provides a balanced framework that protects both parties' interests while maintaining simplicity in its structure and terms. The document complies with U.S. federal securities laws and state-specific regulations, making it suitable for both private and small-scale public company transactions. It typically includes essential elements such as share details, purchase price, completion mechanics, and basic warranties, while allowing for customization based on specific transaction requirements. This type of agreement is commonly used in small to medium-sized business acquisitions, investment transactions, and internal corporate restructuring.
Suggested Sections

1. Parties: Identifies and provides full legal details of the seller(s) and purchaser(s)

2. Background: Sets out the context of the transaction and basic information about the company whose shares are being sold

3. Definitions: Defines key terms used throughout the agreement

4. Sale and Purchase: Core transaction terms including the number of shares being sold and purchase price

5. Consideration: Details of the purchase price and payment terms

6. Completion: Specifies when and how the transfer will be completed, including any conditions precedent

7. Seller's Representations and Warranties: Basic warranties about share ownership, authority to sell, and absence of encumbrances

8. Purchaser's Representations and Warranties: Basic warranties about authority to purchase and ability to pay

9. Confidentiality: Obligations to keep the transaction and related information confidential

10. Costs: Allocation of transaction costs between parties

11. Notices: How formal notices under the agreement should be given

12. General Provisions: Standard boilerplate clauses including governing law, entire agreement, and amendments

Optional Sections

1. Tax Covenant: Used when specific tax arrangements or indemnities are required

2. Non-Competition: Include when the seller needs to be restricted from competing post-sale

3. Employee Matters: Required when there are specific employment arrangements to be addressed

4. Earn-out Provisions: Include when part of the purchase price is contingent on future performance

5. Break Fee: Used when parties want to specify damages for failure to complete

6. Interim Period Obligations: Include when there's a gap between signing and completion

7. Security for Obligations: Used when payment or obligations need to be secured

8. Further Assurance: Include when additional actions may be needed post-completion

Suggested Schedules

1. Schedule 1 - Share Details: Details of the shares being sold including class, number, and nominal value

2. Schedule 2 - Company Details: Key information about the company including registered office, directors, and share capital

3. Schedule 3 - Warranties: Detailed warranties if more extensive than those in main agreement

4. Schedule 4 - Completion Requirements: List of documents and actions required at completion

5. Schedule 5 - Encumbrances: Details of any existing charges or encumbrances on the shares

6. Appendix A - Share Certificate: Copy of share certificate(s) being transferred

7. Appendix B - Board Resolutions: Required board resolutions approving the transfer

8. Appendix C - Transfer Forms: Share transfer forms to be executed at completion

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























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Relevant Industries

Financial Services

Technology

Manufacturing

Professional Services

Real Estate

Retail

Healthcare

Energy

Telecommunications

Media

Transportation

Construction

Agriculture

Education

Hospitality

Relevant Teams

Legal

Finance

Corporate Development

Compliance

Risk Management

Executive Leadership

Board of Directors

Investment

Treasury

Corporate Secretariat

Business Development

Mergers & Acquisitions

Relevant Roles

Chief Executive Officer

Chief Financial Officer

General Counsel

Corporate Lawyer

Legal Counsel

Company Secretary

Corporate Development Manager

Investment Manager

Business Development Director

Financial Controller

Compliance Officer

Risk Manager

Board Director

Managing Director

Investment Banker

Private Equity Manager

M&A Director

Transaction Manager

Industries









Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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