7. THE COMMUNICATIONS OF NOTICES TRANSMITTED IN THE PRESENT CONVENTION OF TRANSFERT OF ACTIONS MUST BE SIGNIFIED BY ÉCRIT AND TRANSMITTED ONLY IF they are personally transmitted by one party to another party or delivered to the delivery address of the party concerned. Communications can only be sent and distributed in English. The National Venture Capital Association states that the main elements of a share purchase agreement are the names of the buyer and seller as well as the price and number of shares. Legalese`s pages often accompany these articles by indicating how the price is determined, how the shares are paid and delivered, the transfer of ownership and the sellers and sellers are expressly removed from each other from any other liability. Since the buyer has invested his hard-earned money in the company`s shares, they must guard against any type of fraud or misconduct to give a legalized effect to the same thing, and the allottee or seller action must enter into a share purchase agreement in order to avoid any situation of non-acquisition in the future. 5.11 The securities contained in this share transfer agreement are included only as an editorial reference and do not present part of the share transfer contract for the easier reference. 5.6 The rights, benefits, commitments and responsibilities contained in the terms of this share transfer agreement may be transferred by any contracting party with the prior written agreement of the other party. A share transfer agreement may be used in combination with a share purchase agreement and a subscription agreement if the payment of the seller`s shares is made with shares of the purchase company (the “counterparty”) This type of transaction is common in the planning of the succession as part of a rollover. The key elements of a share transfer contract are: background, definition of transfers, definition of counterparty shares, date of transfer, purchase price, payment, liability, creditors, representations and guarantees and conclusion.
The assignor is the registered holder of these shares or shares pursuant to Schedule A (the “shares”). 1.1 The assignor transfers all shares to the purchaser in absolute terms, taking into account the amount mentioned in point 2. The lender and the purchasing company sign this agreement. 5.5 Each contracting party heressover states that it is not aware of any issues under its control that could have a negative or adverse effect on the performance of its obligations under this share transfer agreement.