Stock Purchase Agreement

A Stock Purchase Agreement is a legal contract between a buyer and a seller concerning the purchase of stocks or shares in a company. It outlines the terms of the sale, including the number of shares, the purchase price, payment methods, and any conditions or warranties related to the transaction. This agreement protects both parties by ensuring clarity on their rights and obligations, and it may include provisions for what happens if certain conditions aren't met. Essentially, it formalizes the transfer of ownership of the shares from the seller to the buyer.