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What is a Share Purchase Agreement?
A “Share Purchase Agreement” is used when a person (called a “Vendor”) wants to sell its shares of a corporation (either all or just some) to another person (called a “Purchaser”). A Share Purchase Agreement outlines some basic information about the shares, the corporation, the Vendor, the purchaser, and the deal itself (e.g. the price for the shares, the shares being purchased, the closing conditions, etc.).