Document background
The Contract For Sale Of Business is a crucial document used when transferring ownership of an established business in Switzerland. It's typically employed in scenarios ranging from small business acquisitions to larger corporate transactions, where one entity wishes to acquire another's business operations, assets, and sometimes shares. The document must comply with Swiss legal requirements, particularly the Swiss Code of Obligations and the Federal Act on Mergers, Demergers, Transformations and Transfer of Assets. It includes essential elements such as purchase price mechanics, warranties, employee transfer provisions, asset schedules, and regulatory compliance requirements. The agreement serves as the primary transaction document that governs the rights and obligations of both parties before, during, and after the business transfer, while ensuring compliance with Swiss commercial, employment, and tax laws.
