A Stock Redemption Agreement is a legally binding contract that defines the conditions for which a company or individual can purchase or repurchase shares of their own stock. It outlines the obligations of both parties involved to buy, sell, and return shares; as well as the costs associated with the exchange. The agreement also outlines any restrictions to be placed upon the acquiring party, including voting rights, dividend payments, and more. By signing a Stock Redemption Agreement, a company or individual is ensuring that they maintain control over their shares while still allowing them to profit from future sales.