Common use of Ownership Transfer Clause in Contracts

Ownership Transfer. Seller is the current sole owner of all right, title and interest in the Shares and holds the Shares free and clear of all liabilities, liens, encumbrances, pledges, voting trusts or shareholder agreements, restrictions on transfer or other charges (“Liens”). Upon transfer of the Shares from Seller to Buyer, Buyer will acquire good and marketable title to the Shares, free and clear of any Liens.

Appears in 3 contracts

Samples: Stock Option Agreement (Ludwig Enterprises, Inc.), Stock Purchase and Option Agreement, Stock Purchase and Option Agreement (Holder Steven)

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Ownership Transfer. The Seller is the current sole owner of all right, title and interest in the Shares Options and holds the Shares Options free and clear of all liabilities, liens, encumbrances, pledges, voting trusts or shareholder agreements, restrictions on transfer or other charges (“Liens”). Upon the transfer of the Shares Options from Seller to Buyerthe Seller, Buyer the Company will acquire good and marketable title to the SharesOptions, free and clear of any Liens.

Appears in 1 contract

Samples: Option Repurchase Agreement (Document Sciences Corp)

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