Stock Purchase Agreement: FIRPTA Certificates from US Stockholders | Practical Law

Stock Purchase Agreement: FIRPTA Certificates from US Stockholders | Practical Law

This Standard Document is delivered by each seller in connection with an acquisition of stock of a US target to inform the buyer that the seller is not a foreign (non-US) individual or entity and therefore not subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). If the seller is a foreign individual or entity and the transaction is subject to FIRPTA, the buyer may be required to withhold a portion of the purchase price.

Stock Purchase Agreement: FIRPTA Certificates from US Stockholders

Practical Law Standard Document 5-609-7705 (Approx. 8 pages)

Stock Purchase Agreement: FIRPTA Certificates from US Stockholders

by Practical Law Corporate & Securities
MaintainedUSA (National/Federal)
This Standard Document is delivered by each seller in connection with an acquisition of stock of a US target to inform the buyer that the seller is not a foreign (non-US) individual or entity and therefore not subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). If the seller is a foreign individual or entity and the transaction is subject to FIRPTA, the buyer may be required to withhold a portion of the purchase price.