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A stock purchase agreement (SPA) is a contract between a seller of company shares and a buyer to acquire ownership of a business. Key elements of the agreement include the number of shares for sale, their cost, and the transaction date. Private entities must provide a due diligence period for buyers, while purchasers of public stock are protected under the Securities Act of 1933. Additionally, various classes of stock can have different voting rights, influencing company decision-making. For instance, Class A stock offers three votes per share, Class B two votes, and Class C one vote. Important components that must be included in a stock purchase agreement will be outlined.