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Business Purchase Contract
"I need a Business Purchase Contract for the acquisition of a medium-sized German software development company through a share purchase, with special attention to intellectual property rights transfer and employee retention provisions, targeting completion by March 2025."
1. Parties: Identification and details of the seller and purchaser, including full legal names, registration numbers, and registered addresses
2. Background: Context of the transaction, including brief description of the business and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement, including 'Business', 'Completion Date', 'Purchase Price', etc.
4. Sale and Purchase: Core transaction terms, including what is being sold (shares/assets) and the basic agreement to sell and purchase
5. Purchase Price: Detailed provisions regarding the purchase price, payment terms, and any price adjustment mechanisms
6. Conditions Precedent: Conditions that must be satisfied before completion of the transaction
7. Pre-Completion Obligations: Obligations of both parties between signing and completion, including business conduct requirements
8. Completion: Details of the completion process, including timing, location, and actions required
9. Seller's Warranties: Warranties given by the seller regarding the business, assets, accounts, employees, etc.
10. Seller's Limitations on Liability: Limitations on the seller's liability under the warranties and indemnities
11. Purchaser's Warranties: Basic warranties given by the purchaser, including capacity to enter into the agreement
12. Post-Completion Obligations: Obligations after completion, including transitional arrangements
13. Confidentiality: Provisions regarding confidentiality of the transaction and business information
14. Announcements: Requirements for public announcements about the transaction
15. Governing Law and Jurisdiction: Confirmation of German law as governing law and jurisdiction for disputes
16. Execution: Signature blocks and execution formalities
1. Non-Competition: Restrictions on the seller's ability to compete with the business post-completion - include when seller could potentially compete
2. Employee Matters: Specific provisions regarding employee transfers and related obligations - include when employees are being transferred
3. Real Estate: Specific provisions regarding property transfers - include when real estate is part of the transaction
4. Intellectual Property: Detailed IP transfer provisions - include when IP is a significant asset
5. Data Protection: GDPR compliance provisions - include when personal data is a significant consideration
6. Environmental Matters: Environmental warranties and indemnities - include for businesses with environmental risks
7. Tax Covenant: Detailed tax provisions and indemnities - include for complex tax situations
8. Earn-out Provisions: Structure for additional payments based on future performance - include when part of purchase price is contingent
9. Bank Financing: Provisions relating to external financing - include when purchase is bank-financed
1. Schedule 1 - Business Assets: Detailed list of all assets included in the sale
2. Schedule 2 - Real Estate: Details of any real estate included in the sale
3. Schedule 3 - Intellectual Property: List of all IP rights included in the sale
4. Schedule 4 - Employee Information: Details of all employees and their terms of employment
5. Schedule 5 - Material Contracts: List and copies of key business contracts
6. Schedule 6 - Seller's Warranties: Detailed warranties given by the seller
7. Schedule 7 - Properties: Details of all properties owned or leased
8. Schedule 8 - Completion Requirements: Detailed list of completion deliverables
9. Schedule 9 - Permitted Encumbrances: List of permitted liens and encumbrances
10. Appendix 1 - Completion Accounts: Form of completion accounts and accounting policies
11. Appendix 2 - Bank Details: Banking information for payment of purchase price
Authors
Manufacturing
Technology
Retail
Professional Services
Healthcare
Real Estate
Financial Services
Industrial
Energy
Construction
Automotive
Telecommunications
Hospitality
E-commerce
Media and Entertainment
Legal
Finance
Mergers & Acquisitions
Corporate Development
Tax
Compliance
Risk Management
Business Development
Strategic Planning
Corporate Secretariat
Due Diligence
Integration
Chief Executive Officer
Chief Financial Officer
General Counsel
Corporate Lawyer
Legal Director
Head of Mergers & Acquisitions
Finance Director
Business Development Director
Tax Director
Compliance Officer
Company Secretary
Managing Director
Investment Director
Due Diligence Manager
Integration Manager
Commercial Director
Risk Manager
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