5.10 Unless the text of a clause and the entire share transfer contract indicate that a specific clause must mean something other than: all words that are only in the singular are considered plural (and vice versa) and all words indicated in a given sex are considered to be all sexes and all terms that refer to any form of person or person , are considered to be both legal entities (for example. B companies) and individuals (and vice versa). 5.4 Each contracting party heres all the necessary powers and authorizations to enter into this share transfer agreement. 4. RESULTS OF THE FORMALITÉ IT is agreed that if the planned transfer of shares will not be effective due to a lack of formalities (including, but not only the incorrect registration of the transfer in the company`s registers or following a refusal by the directors of the company whose shares are transferred), the transfer of all economic shares of the shares by the creation of a trust in favour of the beneficiary in which the shares form the subject, and the assignor is the agent. 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). 5.15 This share transfer agreement binds the two parties because of the conduct of both parties and despite a defect or error in the formality of the execution of both parties. 5.5 Each contracting party heressover states that it is not aware of any issues under its control that could have a negative or adverse effect on the performance of its obligations under this share transfer agreement. These reviews apply to each transfer request to ensure that the right of the person who signed is still valid. This includes subsequent transmission requirements that have been transmitted by the same member.
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. 6. VARIATION This share transfer agreement may be amended and any changes must be made in writing by both parties. 5.13 In the event that a clause (or part of a clause) is found to be unlawful or invalidated by a competent court or other legal authority, this has only the effect of nullity and absence of that clause (or part of a clause) and will not invalidate that share transfer contract entirely.