Stock purchase agreement,
Definition of Stock purchase agreement:
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
