A securities purchase agreement is a document that is being used as a mutual understanding between the seller and the buyer at the time of purchase of the stocks. It can also be defined as a legal document between the company and the shareholder.
The agreement contains important information regarding the stock ownership such as the price of the stock, the number of shares purchased and the date on which the shares were purchased. In addition to this general information; the agreement outlines the proof of the ownership transfer of the stocks, whether the stocks are restricted or non-restricted and, all the terms and conditions regarding the securities purchase; so as to ensure that both the stock seller and the stock buyer have the required information and level of understanding before making any stock transaction.
According to the restricted securities purchase agreements, the shareholder is liable to sell a particular percentage of stock at periodic intervals of time. On the other hand, as per the non-restricted securities agreement, the shareholders fully own the stock and are free to do whatever they want.
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