PandaTip: These statements are all guarantees of the seller: (a) means that the company was officially founded and exists; (b) means that there are no problems between the company and the state in which it was created and that all current requirements have been met; © means that there are no ongoing or ongoing disputes with the company; (d) means that the seller is the sole owner of the shares; (e) means that there are no legal restrictions on the shares and that the purchaser will own them at the end of the transfer without these restrictions; (f) means that the seller is allowed to sell the shares without agreement with another person or company; and (g) means that the seller has not entered into agreements with others granting other rights to the shares. Expenses. Each non-partisan party bears all expenses and expenses of its legal counsel, the accountant and any other rights. A sale-sale form contains details on who can or cannot buy the shares of the abandoned or deceased owner, how the shares can determine, and what events lead to the sale contract coming into effect. Buy-sell agreements protect your business from future problems by consolidating what happens when an owner wants to sell – or needs to sell his share of the business. This agreement describes who can buy an owner`s interest, what the price will be and what will happen to an owner`s party if he dies, is disabled, retires, goes bankrupt or divorces. PandaTip: the “type” of the stock refers to the category (for example. B, Class A, Class B), if any, and Common Stock to Preferred Stock A Buy-Sell is a contract that is entered into to protect a business if something happens to one of the owners. The agreement, also known as a buyout, defines what happens to a company`s actions in the event of an unforeseen event.