Standard Purchase Agreement For Block Trade (Principal Agent)
Publisher one
ƵSource file
Jurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💵 Share Purchase AgreementBusiness activity
Share purchase agreementA share purchase agreement is a contract between a buyer and a seller that outlines the terms of the sale of shares in a company. The agreement will specify the number of shares being sold, the price per share, and the date of the sale. The agreement may also include provisions for the buyer to purchase additional shares in the future.
The template outlines the terms and conditions of the agreement, including the types and quantities of securities or financial instruments involved, the purchase price or method of determining it, and any agreed-upon deadlines or conditions for the transaction. It may also cover details related to payment methods, including any escrow arrangements or forms of compensation for the principal agent's services.
Furthermore, the template will likely include provisions related to legal rights and obligations of both parties, such as representations and warranties, indemnification, dispute resolution mechanisms, confidentiality, and governing law. Additionally, it may address any specific regulatory compliance requirements or specific obligations imposed by UK laws or financial authorities for block trades.
This agreement aims to provide a comprehensive framework to guide the block trade transaction between the principal, who seeks to buy or sell the securities, and the agent, who acts on behalf of the principal to execute the trade. It establishes a legally binding contract between the parties, ensuring that their rights and responsibilities are defined and protected under UK law. However, it is important to note that the specific content and provisions within the template would depend on the needs and preferences of the parties involved and the complexity of the block trade.
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