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Understanding Stock Purchase Agreement

8.10. Considerations. This Agreement may be executed and delivered in one or more counterparties, all considered as the same agreement and taking effect when one or more counterparties have been signed by each of the parties and delivered to the other parties, without all parties being obliged to sign the same counterparty. This definition is taken into account in the `Non-competition` section of the agreement. A lawyer can help adapt the definition of the company`s activities so that the “Non-competition” section works to prohibit applicable conduct. 2.1. Purchase and Sale. Under the terms and subject to the terms of this Agreement, upon conclusion (as defined in Section 3.1), seller sells to Buyer, and Buyer purchases from Seller all right, title and interest in and to the Shares, free and free of any right of pledge. This section is similar to section 3, although it is the insurances and guarantees that come from the buyer`s side. These two sections are often reflected in each other. Since the buyer most likely pays cash for the stock, their insurance and warranties may be more limited than the seller`s. 6.1. Communication of certain questions.

Any seller or buyer shall promptly notify the other parties of the occurrence or non-occurrence of an event the occurrence or non-occurrence of which would likely result in (a) any warranty or guarantee contained in this Agreement being inaccurate or inaccurate, at any time from the date of this Agreement to the closing date, or (b) any omission of the seller or buyer or an officer; the Director, staff or his representative to respect or comply with any agreement, condition or agreement that he must respect or respect under this Agreement. Notwithstanding the foregoing, service of a service in accordance with this Section 6.1 shall not limit or affect the remedies available to the receiving Party under this Convention. These definitions are illustrative and need to be adapted to reflect the unique characteristics of each share purchase agreement. A lawyer can check these definitions and advise whether or not they apply in a given situation. 8.4. Waiver of compliance. . . .