Share Purchase Agreement Template Nigeria

7. Notices served in accordance with a provision of this share transfer agreement shall be served in writing and shall be served only if they are personally transmitted by one party to another or if they are served at the address of service of the party concerned. Communications may only be sent and sent in English. PandaTipp: Maybe you want to initialize the pages of this contract to make sure that the calendar cannot be changed later. PandaTip: Sometimes companies charge a fee for transferring shares and issuing new share certificates, probably less than $50, but you might want to check that first. If you want these costs to be borne by the donor or shared between the two parties, you can change the above clause. What distinguishes this document from a share purchase agreement is that a share subscription contract is used in cases where a company sells its shares while, in a share purchase agreement, a shareholder of the company sells shares already issued to another party. 5.3 The heir guarantees that the shares, whether registered or not, are not congested or other, and that they are absolutely not congested (with the exception of a capital payment obligation for partially paid-up shares). PandaTip, beware! The transfer of partially paid shares (less than 100%) creates an obligation for the buyer and is assimilated to the transfer of a debt. In the last example (acorn trading), the preservation of these shares would create a commitment of $9,000 for the new shareholder. CONSIDERING that the contemptuous person wishes to transfer the shares to the assignee under the conditions laid down in this share transfer agreement. 5.13 In the event that a clause (or part of a clause) is held to be illegal or invalid by a competent court or other legal authority, it has the effect of invalidity and only removes that clause (or part of a clause) and does not invalidate this share transfer agreement in its entirety.

Variation This share transfer agreement may be amended and any changes must be made in writing by both parties. 5.4 Each party hereby declares that it has all the necessary powers and authorizations to enter into this share transfer agreement. 5.11 The securities contained in the share transfer agreement are included only as an editorial reference and, for ease of reference, are not part of the share transfer agreement. 5.7 Any delay or otherwise in the terms of this Share Transfer Agreement and any delay in responding to a breach of its lifetime by a party shall not constitute a waiver of such rights. PandaTip: This schedule should include all shares or shares transferred under this share transfer agreement….

 

 

 

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