Common Contracts
1 similar Joint Purchase Agreement contracts
Joint purchase agreement for vehicleJoint Purchase Agreement • June 21st, 2021
DragonImages/iStock/Getty Images By: Calla Hummel Updated September 26, 2017 A share purchase agreement is a legal contract between a buyer and a seller -- sometimes stated in the contract as a “purchaser” and “vendor” -- in which the seller sells a stated number of shares at a stated price. The agreement is proof that the sale and its terms were mutually agreed upon. A share purchase agreement is a business contract. A contract lawyer draws up the agreement, and both buyer and seller sign and date the agreement in the presence of two witnesses. By signing the share purchase agreement, both parties acknowledge that the sale will take place in such a way at such a price and under stated conditions. The purpose of a share purchase agreement is to ensure that the deal occurs as both parties expect it to. If either party attempts to change the price or number of shares or impose new or unexpected conditions, the other party can produce the contract, which both parties are legally required
