The seller must warrant they have clear title to the shares, free of liens or encumbrances. The company warrants it has the legal authority and funds to complete the purchase.
A typical agreement, such as those found on Rocket Lawyer or SEC.gov , includes these core sections: share buy back agreement example
Explicitly states the number of shares being repurchased and the exact price per share. The seller must warrant they have clear title
Often required because buybacks can involve sensitive financial data or departures of key personnel. Critical Legal Requirements (UK & US) share buy back agreement example