Stock Purchase Agreement (Pro-Seller Long Form) | Practical Law
A long-form agreement for the purchase and sale of all the outstanding capital stock of a private US corporation, drafted in favor of the seller. Pro-seller agreements are often used in auctions where a seller seeks competing bids from potential bidders. This Standard Document assumes, among other things, there is a single corporate buyer and a single corporate seller. It also assumes that the signing and closing of the transaction are not simultaneous. This Standard Document has integrated notes with important explanations, drafting and negotiating tips, and market trend information.