Stock purchase agreement

Stock purchase agreement,

Definition of Stock purchase agreement:

  1. Agreement between a closely-held or private firm and its shareholders for regulating the sale and transfer of firms shares. It covers items such as who has the right of first refusal, and provides a mechanism for the purchase (redemption) of the shares of the shareholder who becomes bankrupt, is discharged, resigns, retires, becomes incapacitated, or dies.

Meaning of Stock purchase agreement & Stock purchase agreement Definition