The Transfer of Business Ownership Agreement is a crucial document used in Belgium when transferring the ownership of a business entity from one party to another. It is essential for transactions involving both asset transfers and share sales, providing a comprehensive framework that ensures compliance with Belgian legal requirements. The agreement is particularly important given Belgium's strict regulations regarding employee rights during business transfers (under CBA No. 32bis), tax implications, and corporate governance requirements. This document typically includes detailed provisions about the transfer price, payment terms, warranties, employee matters, tax considerations, and post-completion obligations. It requires careful consideration of Belgian corporate law, employment law, tax regulations, and sometimes competition law, depending on the transaction size.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the Seller(s) and Buyer(s) with full legal details as required under Belgian law
2. Background: Context of the transaction and brief description of the business being transferred
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation
4. Sale and Purchase: Core transaction terms including what is being sold and the nature of the transfer
5. Purchase Price: Details of the consideration, payment terms, and any price adjustment mechanisms
6. Completion: Mechanics and requirements for closing the transaction, including timing and location
7. Seller's Warranties: Standard warranties about the business, its assets, and operations
8. Buyer's Warranties: Basic warranties from the buyer, including capacity to enter into the agreement
9. Employee Matters: Provisions regarding transfer of employees and compliance with CBA No. 32bis
10. Tax Matters: Tax-related provisions, indemnities, and allocations of tax liabilities
11. Restrictive Covenants: Non-compete and non-solicitation provisions compliant with Belgian law
12. Confidentiality: Provisions regarding confidential information and announcements
13. Governing Law and Jurisdiction: Confirmation of Belgian law application and jurisdiction for disputes
1. Earn-out Provisions: Used when part of the purchase price is contingent on future performance
2. Real Estate: Required when the business transfer includes real property assets
3. Intellectual Property: Detailed IP provisions when the business has significant IP assets
4. Environmental Matters: Required for businesses with environmental risks or obligations
5. Data Protection: Detailed GDPR compliance provisions for data-intensive businesses
6. Bank Guarantees: When payment security or performance guarantees are required
7. Competition Clearance: Required when the transaction needs competition authority approval
8. Transition Services: When the seller will provide post-completion services to the buyer
1. Business Assets Schedule: Detailed list of all assets included in the transfer
2. Excluded Assets Schedule: List of assets specifically excluded from the transfer
3. Employee Information: Details of transferring employees, their contracts and benefits
4. Properties Schedule: Details of any real estate included in the transfer
5. Material Contracts: List and copies of key business contracts being transferred
6. Intellectual Property Rights: Detailed list of IP rights included in the transfer
7. Completion Requirements: Detailed list of documents and actions required for completion
8. Warranties Schedule: Detailed warranties given by the seller
9. Tax Deed: Detailed tax indemnity provisions and allocations
10. Disclosed Matters: Information disclosed against the warranties
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Retail
Technology
Professional Services
Healthcare
Real Estate
Financial Services
Construction
Hospitality
Agriculture
Energy
Transportation
Media and Entertainment
Education
Telecommunications
Relevant Teams
Legal
Finance
Human Resources
Tax
Compliance
Operations
Risk Management
Corporate Development
Mergers & Acquisitions
Executive Leadership
Corporate Secretariat
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Managing Director
Business Owner
Corporate Lawyer
Legal Counsel
Finance Director
Tax Director
Human Resources Director
Compliance Officer
Business Development Director
Company Secretary
Operations Director
Risk Manager
Mergers & Acquisitions Manager
Integration Manager
Find the exact document you need
Standard Form Of Contract In (Construction)
Standard form construction contract under Belgian law, establishing comprehensive framework for construction projects with compliance to Belgian civil code and EU regulations.
find out more
Non Binding Contract
A Belgian law-governed non-binding contract establishing preliminary understanding between parties while avoiding legal obligations.
find out more
Professional Services Agreement
Belgian law-governed agreement for professional services provision, defining service terms, obligations, and compliance requirements.
find out more
Subcontractor Agreement Form
A Belgian law-governed agreement establishing terms and conditions between a contractor and subcontractor for the provision of specified services or works.
find out more
Basic Ordering Agreement
A Belgian law framework agreement establishing terms and conditions for future orders of goods or services, providing flexibility while ensuring legal compliance.
find out more
Partnership Agreement Form
A Belgian law-governed agreement establishing the terms and conditions of a business partnership, including operational, financial, and management arrangements.
find out more
Legal Binding Contract
A legally binding contract compliant with Belgian law and the Belgian Civil Code, structured to create enforceable obligations between contracting parties.
find out more
Side Agreement
A Belgian law-governed supplementary agreement that modifies or clarifies terms of a primary contract between parties.
find out more
Incorporation Agreement
A legally binding agreement under Belgian law that establishes a new company and defines its foundational structure and governance framework.
find out more
Business Transfer Agreement
Belgian law agreement for transferring business ownership, assets, and operations from one entity to another, including all necessary legal and regulatory compliance elements.
find out more
Tooling Agreement
A Belgian law-governed agreement establishing terms for industrial tooling supply, ownership, and maintenance between manufacturers and suppliers.
find out more
Representation Agreement
Belgian law-governed agreement establishing terms for commercial representation between a Principal and Representative, including rights, obligations, and compensation terms.
find out more
Preliminary Agreement
A Belgian law-governed framework document establishing initial terms and conditions for business negotiations, including both binding and non-binding provisions.
find out more
Notary Rent Agreement
A notarially authenticated rental agreement under Belgian law establishing terms and conditions for property lease, providing enhanced legal security through official notarial verification.
find out more
Model Tenancy Agreement
Belgian-law compliant residential tenancy agreement template incorporating mandatory provisions and regional requirements.
find out more
Common Terms Agreement
A Belgian law-governed agreement establishing standard terms for syndicated lending arrangements, defining the relationship between borrowers, lenders, and other finance parties.
find out more
Enforceable Contract
A Belgian law-compliant contract template designed to create legally binding obligations between parties, incorporating all essential elements required under Belgian Civil Code.
find out more
Employee Agreement Form
A standardized employment contract compliant with Belgian labor law, establishing the terms and conditions of employment between employer and employee.
find out more
Catering Contract
Belgian law-governed agreement establishing terms and conditions for catering services, incorporating local food safety regulations and EU directives.
find out more
Business Cooperation Agreement
A Belgian law-governed agreement establishing terms and conditions for business cooperation between two or more parties.
find out more
Confidentiality And Non Disclosure Agreement
Belgian law-governed NDA for protecting confidential information and trade secrets, compliant with Belgian and EU regulations.
find out more
Lodger Agreement
A Belgian law-governed agreement between a homeowner and lodger for shared residential accommodation, defining rights, obligations, and living arrangements.
find out more
Consulting Agreement
Belgian law-governed agreement establishing terms and conditions for consulting services between a client and an independent consultant.
find out more
Head Of Terms Agreement
A preliminary agreement under Belgian law outlining key terms and conditions of a proposed transaction, establishing the framework for detailed negotiations while distinguishing between binding and non-binding provisions.
find out more
Supply Contract Form
Belgian law-governed supply contract establishing terms for product supply relationships, incorporating local and EU regulatory requirements.
find out more
Business Contract
Belgian law-governed business contract template for establishing commercial relationships between business entities, incorporating essential Belgian legal requirements and commercial terms.
find out more
Dispute Resolution Agreement
Belgian law-governed agreement establishing comprehensive dispute resolution procedures including negotiation, mediation, and arbitration frameworks.
find out more
Umbrella Agreement
Belgian law-governed master agreement establishing framework terms for future specific agreements between parties.
find out more
Tripartite Contract
A Belgian law-governed agreement establishing rights and obligations between three parties, structured to manage complex multi-party business relationships.
find out more
Transfer Of Ownership Agreement
A Belgian law-governed agreement facilitating the legal transfer of property ownership from one party to another, including terms, conditions, and completion requirements.
find out more
Transfer Of Business Ownership Agreement
A Belgian law-governed agreement facilitating the complete transfer of business ownership between parties, ensuring compliance with local corporate, employment, and tax regulations.
find out more
Trading Agreement
Belgian law-governed agreement establishing terms and conditions for commercial trading relationships between business parties.
find out more
Trade Contract
Belgian law-governed trade contract establishing terms for commercial transactions, compliant with Belgian and EU regulations.
find out more
Tender Agreement
A Belgian law-governed agreement establishing the framework and requirements for a competitive tender process, aligned with national and EU procurement regulations.
find out more
Simple Contractor Agreement
A Belgian law-governed agreement establishing and regulating the relationship between a company and an independent contractor, outlining key terms and obligations.
find out more
Teaming Agreement
Belgian law-governed agreement establishing collaboration terms between multiple parties for joint business opportunities or projects.
find out more
Suretyship Agreement
A Belgian law contract where a surety guarantees the obligations of a debtor to a creditor, establishing terms and enforcement mechanisms under Belgian law.
find out more
Supplier Agreement
Belgian law-governed agreement regulating the commercial relationship between customer and supplier for goods/services provision.
find out more
Supplemental Agreement
A Belgian law-governed document that modifies or adds to an existing agreement between parties, ensuring compliance with Belgian civil and commercial law requirements.
find out more
Subscription Contract
A Belgian law subscription agreement governing recurring service arrangements, incorporating local consumer protection and EU regulatory requirements.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)