8.1 This transfer of shares is under the exclusive jurisdiction of the laws of [STATE AND COUNTRY]. 6. VARIATION This share transfer agreement may be amended and any changes must be made in writing by both parties. Another major drawback of not signing a share transfer contract is that it gives parties the freedom to sell their shares to third parties or to people who are not part of the organization when they wish. The agreement may also mention that all disputes arising from the agreement fall within the exclusive jurisdiction of a particular jurisdiction. 1.1 The assignor transfers all shares to the purchaser in absolute terms, taking into account the amount mentioned in point 2. 5.6 The rights, benefits, commitments and responsibilities contained in the terms of this share transfer agreement may be transferred by any contracting party with the prior written agreement of the other party. The agreement must clearly state the names of the parties between whom the agreement is concluded. These include a seller (or transfer) and a buyer (or buyer). It is worth mentioning the date on which the agreement was reached, as well as the area in which the agreement is enforceable. PandaTip: When the transferred shares are sold, the “transferor” means the seller and the “seller” the buyer. PandaTip: Add the fees here. If the shares are transferred as a gift, then you should list $10 as a cost.
This is because, in many states and countries, a contract requires some prejudice or loss on behalf of both parties (even if it is a nominal amount). For example, if you sell your shares in an XYZ company to your colleague, you would sign this share transfer. The main advantage of entering into a relocation contract is that it formally cements the agreement and the terms agreed by both parties. It goes beyond the limits of relying only on verbal discussions and makes them mandatory. Thanks to the share transfer agreement, the nature of the transaction becomes very transparent, not only for both parties, but also for any foreigner. It also avoids confusion between them, as both parties obtain clarification of the rights they hold.