Stock purchase agreement

The Law Offices of Lawrence Pohly, a prominent New York business lawyer, specialize in the formation of what is called a “stock purchase agreement.” We seek to make law understandable, and approachable, for all people, regardless of status or education level. That being said, this blog will simply define and explain a bit of what a stock purchase agreement really is.
    For New York residents, a New York business lawyer such as Lawrence Pohly can be hired to help you write up a stock purchase agreement. The agreement is just a legal document that is made between a shareholder and a startup company. The stock purchase agreement regulates the transfer and sale of that startup’s stock to the shareholder. More specifically, the stock purchase agreement will define how much stock will be purchased by this new shareholder, it will determine the price of the stock, and it will settle how payments will be made.
Further, there are two forms of stock purchase agreements, which are “restricted,” and “non-restricted.” Restricted stock purchase agreements are used when a co-founder’s shares will vest with the passage of time. Non-restricted stock purchase agreements, on the other hand, are the normal stock purchase agreements, where the shareholder pays for the agreements, and then they are theirs.
    Your New York business lawyer can help you further understand these definitions. Hopefully this blog has given you a head start in your education about stock purchase agreements!