Startup Stock Purchase Agreement
This Startup Stock Purchase Agreement (hereinafter referred to as the "Agreement") is entered into this day of [Insert Date] (the "Effective Date"), by and between [Your Name] (hereinafter referred to as the "Seller"), and [Buyer Full Name] (hereinafter referred to as the "Buyer").
1. STOCK PURCHASE
The Seller hereby agrees and consents to sell, assign, and transfer to the Buyer, and the Buyer hereby agrees to purchase from the Seller, the total number of shares in the startup company on the terms and conditions set forth in this Agreement.
1.1 Purchase Price
The total purchase price for the shares of startup stock (the "Shares") will be [Insert Purchase Price]. The Purchase Price will be payable in full upon execution of this Agreement.
2. REPRESENTATIONS
Both Parties make the following representations and warranties, each of which is relied upon by the other Party in entering into this Agreement. All representations and warranties are true as of the Effective Date.
2.1 Seller's Representations
The individual or entity known as the Seller hereby asserts and declares their possession of legal ownership over the Shares. Furthermore, the Seller assures and attests that these aforementioned Shares are comprehensively free and clear from all forms of liens, any potential encumbrances or burdens, and any claims that could be made by a third party.
2.2 Buyer's Representations
The Buyer represents that they are purchasing the Shares for investment purposes only and is capable of bearing the risk of such investment including total loss.
3. CONFIDENTIALITY
Both Parties agree to keep confidential all non-public information concerning this Agreement, except when disclosure is required by law or by a regulatory authority.
4. GOVERNING LAW
This Agreement shall be interpreted and enforced in accordance with the laws of [Insert Jurisdiction].
5. ENTIRE AGREEMENT
This Agreement, including any schedules, is the complete and exclusive statement of the agreement between the parties and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written, between the parties.
6. SIGNATURES
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.
Seller:
[Your Name]
Buyer:
[Buyer Full Name]
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