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An agreement which allows shares of stock to be purchased in a corporation.
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44
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91
Posted:
08/05/09
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stock purchase agreement

Stock Purchase Agreement

STOCK PURCHASE AGREEMENT This Stock Purchase Agreement (the "Agreement") is entered into effective as of _____________ , 20___ between ___________________, residing at __________________________________ ("Buyer") and ____________________ residing at ____________________________________________________________ ("Seller"). RECITALS A. Seller is the owner of ________ issued and outstanding shares of ______________ ("Corporation"). B. Corporation is engaged in the business of _________________________________________________________________________. C. D. Buyer wishes to own all of Seller’s issued and outstanding shares of Corporation. Seller desires to terminate completely their ownership interest in corporation. AGREEMENT In consideration of the representations, warranties, covenants, and mutual promises contained in this Agreement, the parties agree as follows: Section 1 Purchase of Shares 1.1 Purchase. On the Closing Date (defined below), Seller must sell to Buyer, and Buyer must purchase from Seller, ____ shares of common stock of Corporation owned by Seller (Shares). 1.2 Conveyance of Title. Selle