Description and usage
Agreement for Sale and Purchase of a Business - Shares This agreement is for the sale and purchase of a limited company by the sale of all of the shares in the company to the purchaser(s). This agreement is suitable for the acquisition or disposal of a small or medium sized company which has no subsidiaries. This nine page document contains 13 clauses covering - definitions
- sale and purchase
- sale price
- completion
- warranties
- indemnity
- further assurance
- non-competition
- payment of costs
- announcements and confidentiality
- notices
- law and jurisdiction
- a general clause detailing variation, the scope of the agreement, representation, severability, assignment and third party rights
An annexure allows for a disclosure letter to be written by the sellers. You need this document if you want to buy or sell a small or medium-sized limited company, and want to buy or sell all shares in the company. What's in it? - See detailed Explanatory Notes below
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