Share Purchase Agreement
Template for transferring shares, including purchase price, completion mechanics, warranties, and post-closing obligations.
This Share Purchase Agreement (the "Agreement") is entered into on Date (the "Effective Date").
1. Parties
Seller
- Full legal name: Company name
- Registered address: Address
- CVR No. / CPR No.: CVR
Buyer
- Full legal name: Company name
- Registered address: Address
- CVR No. / CPR No.: CVR
The Seller and the Buyer are each a "Party" and together the "Parties".
2. Background
2.1 Ownership
The Seller is the legal and beneficial owner of the shares described in Section 3.
2.2 Intent
The Buyer wishes to purchase such shares on the terms set out in this Agreement.
3. Sale of Shares
3.1 Sale
The Seller agrees to sell and transfer to the Buyer Number shares in Company name, representing Number% of the share capital (the "Shares").
3.2 Title (Fundamental Warranty)
The Shares are sold free from any lien, encumbrance, or third-party right, except as Disclosed (as defined in Section 7.5) in Schedule 1 (Disclosure Schedule). This warranty is a Fundamental Warranty for the purposes of Section 7.2, is given unconditionally and without qualification by reference to Seller's Knowledge, and is not subject to the De Minimis, the Basket, or the Liability Cap set out in Section 9 (save that it remains subject to the fair disclosure standard in Section 7.5).
4. Purchase Price
4.1 Price
The total purchase price for the Shares is Number Currency (the "Purchase Price").
4.2 Pricing Mechanism
The Parties shall select one of the following pricing mechanisms and complete Schedule 2 accordingly. The provisions of the mechanism selected shall apply to the exclusion of the other.
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