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A definitive agreement, also known as a share purchase agreement, is a legal document that outlines the terms and conditions of a merger, acquisition, divestiture, or strategic alliance between two companies. It is a binding contract between the buyer and seller, detailing the sale transaction. The initial draft is prepared by the seller's legal counsel in collaboration with the seller's bankers and is shared with prospective buyers during the sale process. The buyer's legal counsel provides comments on the draft document based on their due diligence efforts, which are included in the final bid package. The buyer may need to revise the agreement before finalizing the deal.