Create, Use & Store Contractbook's Shares templates for Stock Purchase Agreement, Shareholder's Agreement & Share Purchase Agreement.
Shares templates can be both Stock Purchase Agreements or Shareholders Agreement contracts. These are both different types of agreement that are both necessary to have in place to protect all parties involved. A Shareholder Agreement is a document that defines who shareholders are, how they vote, and how much of a company they own. A Share Purchase Agreement, in comparison, is far more straightforward. It outlines how much a person is buying of a company in a transaction. Shares templates need to include a number of elements to be a legal document that can later be relied upon if needed.
A Shareholders Agreement should include:
A Share Purchase Agreement should include all basic terms and conditions (Amendments, Waivers, Delays, Indulgence and Omissions etc). It will not include the share capital or ownership clauses, nor the general meetings, board, management or significant decisions provisions as stated above. However it does include:
Shares templates are good to use to ensure a record of any transactions is kept, as well as the rights that a shareholder has and how a company is structured with a shareholder ownership basis. Both types of Shares templates should be used in any instance where two or more individuals are buying shares in a company. The templates can be quickly updated and amended to reflect all corresponding personal data and specific information, but importantly will still set out the terms and conditions to which both sides of the contract are bound.
Templates for shares agreements are a quick and convenient tool to use when trying to cement all terms, conditions and responsibilities of which two sides of a contract need to be aware. What is great about templates, in particular, and not just contracts as a whole, is that they are straightforward to amend and use to create a contract from. That’s important as it means that establishing contracts is no longer a laborious task for anyone involved. Instead, the contract can be generated exceptionally quickly, and any work that was then waiting on the contracts to be signed can begin. It is a far more efficient use of everyone’s time.
Shares Agreement templates should be used in any instance where the ownership structure of a company needs to be defined, or a share purchase transaction recorded. Templates are fantastic starting points for contracts that can be updated and amended as necessary to ensure that legal protection to all parties is provided. It also means that everyone knows their position from the start so that a relationship that is built on trust and respect is able to transpire more easily.
Additionally, our software helps make our Shares templates even more efficient. Generating Shareholders Agreements or Stock Purchase Agreements with our app means that contracts can be drafted, stored, signed, executed and automated all in one place. Storage is a crucial step that some people overlook in terms of importance. Our cloud storage means that there is no need for PDFs or paper contracts. Instead, our dynamic data format means that these documents are always accessible - making them far more an asset than a hard copy contract ever would.