Share Purchase Agreement Meaning
The exact number of shares is indicated in the contract at the indicated price. This agreement proves that the sale and the conditions were mutually agreed. Shareholders are generally considered to be the true owners of the business. The agreement between both the company and the shareholders, which describes the rights of the debt, is called a shareholders` agreement. After the conclusion (singing of the agreement), there are a few steps that the buyer must do: A statement of intent is made before the agreement is concluded to explain the planned sale….