For example, if you and two partner partners are all equally involved in a business and a partner wishes to resign, a share purchase agreement can be used to purchase the affiliate`s shares. C. Pat, Chris, Jean and Mikey are all their shareholders and the authorized capital of the company consists of an unlimited number of voting common shares, without par value, of which the following shares are issued and considered fully paid-up and not eligible: (b) to the extent that the founders have received shares (“founder shares”) of the company against a nominal consideration, the founders agree that the so-called “shares” listed in Appendix A to this Agreement The rules of unshakability are subject to rules of ineg The unshakability means that the shares are encumbered and are subject to degradation or redemption by the company for acquisition costs and costs, unless temporal events occur. In the event that the company is acquired by one third party or another, all shares subject to unshakability will become totally unshakable on that date. These provisions are unwavering: this Agreement will be cancelled by ____ (c) In the event of death or permanent disability (defined as inability to fulfil one`s obligations), 10% of all unassed shares are transferred immediately to the estate of the deceased. The Company, if requested from the estate of the deceased, will purchase all the unshakable shares of the estate of the Deceased at a price corresponding to the last valuation of the Company agreed in accordance with Schedule B, provided that adequate key insurance is available for this purpose. Otherwise, the estate of the deceased may offer the shares under this agreement. One of the differences between residential and commercial and commercial transactions is that the parties to the transaction are often much better informed than the licensees in the operation of the business concerned and it is very likely that meetings and discussions have taken place beforehand between the parties. Often, the role of the licensee is to put in a contract format the elements that have already been discussed and agreed by the parties. 3.5 If more than one Bidder has given the Seller a Notice of Purchase in which it declares that it is willing to purchase the Shares offered for purchase of the Offered Shares, the Purchasers acquire all the Shares containing the Offered Shares in the report on which they are able to agree or, in the absence of an agreement, in the common shares of each Buyer.
calculated without reference to the seller`s actions. (r) the issuance, withdrawal or purchase of shares; (This section simply ensures that shareholders cannot be diluted by issuing more shares. It gives shareholders the right to participate pro-rated in new sales of cash shares.) 3.4 Upon receipt of any notice of purchase from seller or upon the expiration of thirty (30) days from the date of the notice of sale, whichever is earlier, seller is required to sell all shares offered to bidders who have indicated in the press release that they wish to acquire the offered shares (the “Buyers”) at that price and under the conditions set forth in the sales release. A share purchase agreement should be used whenever an individual or company sells or buys shares in a company from or to another person or business entity. 1.12 “Shares” means all issued and outstanding common shares of the share capital of the Corporation held at any time by a shareholder. (This full section simply allows a shareholder to sell his shares to other shareholders, otherwise he can sell them to other parties – with conditions!) This offer is subject to the condition that the seller, buyer and their respective advisors define an agreed method for the purpose of evaluating inventory/stock….