A Share Purchase Agreement (SPA) is a legally binding contract between two parties, in which one party sells and the other party purchases the equity of a company or certain assets. This type of agreement sets out the terms and conditions for the sale and purchase of shares, such as when the transfer of title will occur, how the purchase price will be paid, and any warranties or representations made by either party. It also outlines any restrictions on the sale and/or purchase of shares. The SPA helps protect both buyer and seller against potential disputes that may arise in the future. By outlining all the details of the agreement, it facilitates smooth and successful transfers of ownership—ensuring that everyone involved is comfortable with the arrangement.