Document background
The Share Purchase Agreement Between Two Individuals is a crucial legal document used in Pakistan when one individual wishes to transfer ownership of company shares to another individual. This agreement is essential for privately held companies and must comply with Pakistani corporate law, particularly the Companies Act 2017 and Securities Act 2015. It is commonly used in situations involving family business transfers, investment exits, or strategic acquisitions. The document typically includes detailed provisions about the shares being transferred, purchase price, payment terms, warranties about share ownership and company status, tax implications, and completion requirements. It must be properly executed and stamped according to Pakistani law to be legally enforceable and requires careful consideration of local regulatory requirements, including those related to share transfer restrictions and foreign ownership limitations where applicable.
