Document background
The Share Sale Agreement is a fundamental document used in business acquisitions where ownership of a company changes hands through the sale of shares. This agreement is essential for any share transfer transaction in Australia, whether for private companies, public unlisted companies, or specific divisions being sold through share transfers. It must comply with Australian corporate law, particularly the Corporations Act 2001 (Cth), and typically includes provisions for purchase price, conditions precedent, warranties, and completion mechanics. The document is crucial for protecting both parties' interests, ensuring regulatory compliance, and providing a clear framework for the transaction's execution. It's particularly important for documenting due diligence findings, allocating risk between parties, and establishing post-completion obligations.
