This could put you at risk of shares in your company being bought by outsiders. It can also open you to disputes, as there is no defined resolution clause. As a stock buyer, you use this agreement to ensure that the seller makes a number of contractual commitments regarding the business that they will continue to make after the sale. The fifth section titled „V. Deposit“ presents two checkbox options that can determine whether or not a deposit is required prior to purchase. One of them must be selected and applied so that the other can be discounted as unenforceable. If a deposit must be filed before the closing date, mark the „Necessary“ box and note the dollar amount (numerically) of the expected deposit in the blank line after the dollar sign. If a deposit is required, continue with the following blank line (before the term „calendar days“). . . .
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