5.1. The sale and purchase planned in point 2.1 is completed at Freshfields Bruckhaus Deringer`s premises in Barcelona at least three (3) working days after the notification referred to in point 3.3 (or on another date that can be agreed upon by the parties), provided that the previous one referred to in point 3.1 (d) is immediately completed before completion. if all the following steps take place in the defined order: After the conclusion (song of the agreement), there are a few steps that the buyer must take: While the guarantees are advantageous, the party giving them must be able to stick to them. If a buyer acquires shares, all the guarantees given by the seller are given by him personally. Companies that offer several types of shares sometimes also have a series (Class A, Class B, Class C, etc.) that may be worth different amounts of money. For example, 100 Class A common shares may not be of the same value as 100 Class B shares. The current state of the business does not correspond to the buyer`s understanding of the place. A contract to buy and sell shares is an agreement for the sale and purchase of a given number of shares at an agreed price. The shareholder who sells his shares is the seller and the party that buys the shares is the buyer. This agreement specifies the terms of sale and purchase of the shares. Before the agreement is reached, a Memorandum of Understanding will be established to explain the proposed sale. A buyer must have due diligence and must ensure that the sales contract and the MEMORANDUM of understanding have the same conditions.
The seller should specifically examine the sales and purchasing sector as well as the area of guarantees and representations. The sales and purchasing sector should have exactly the same conditions as the MOU. If differences are found, they are likely due to the buyer`s duty of care and must be negotiated before the purchase agreement is concluded. Confidentiality clause: Buyer and seller must confirm that details of the business transfer should not be forwarded.