PandaTip: these statements are all warranties of the seller: (a) means that the company has been and officially exists; (b) means that there are no problems between the enterprise and the State in which it was established and that all outstanding requirements have been met; © means that there is no litigation, either to come or at present with the company; (d) means that the seller is the only person holding the shares; (e) means that there is no legal restriction on the shares and that the buyer holds them without restriction at the end of the transfer; (f) means that the seller has the right to sell the shares without an agreement with another person or company; and (g) means that seller has not entered into agreements with other persons that grant rights in the shares to other persons. If you`re the only employee in your company, this may be a step you`re skipping. However, if you`re considering expanding the business, creating shares and a deal can help when the time is right for expansion. one. The seller is not recognized as an issuer, insider, related business or associated enterprise of the enterprise within the meaning of the definition or recognition in accordance with applicable securities laws and regulations. b. Except as provided in the company`s governing documents or on the front of the certificates for the shares, the buyer would in no way be prevented or limited from reselling the shares in the future. c. The seller is the owner of the clear ownership of the shares and the shares are free from pledge rights, charges, security interest, fees, mortgages, pledges or adverse claims or other restrictions that would prevent the transfer of clear ownership to the buyer.
d. Seller is not bound by any agreement that would prevent transactions related to this Agreement. e. To the seller`s knowledge, no legal action or legal action is pending against any party that would seriously undermine this agreement. Use our Share Sale Agreement (SPA) to register the purchase of shares and protect both buyers and sellers. 20. This Agreement contains the entire Agreement between the Parties. All negotiations and agreements have been included in this agreement.
Statements or assurances made by a Party to this Agreement during the negotiation phases of this Agreement may be inconsistent in any way with this Definitive Written Agreement. All these declarations are declared worthless in this agreement.. . . .