¶¶Òõ¶ÌÊÓƵ

The Stock Sale Purchase Agreement is a crucial document used in German corporate transactions for transferring ownership of shares from one party to another. It serves as the primary transaction document in share acquisitions, incorporating specific requirements under German law, including compliance with the German Civil Code (BGB), Stock Corporation Act (AktG), and other relevant corporate regulations. This agreement is essential when conducting share transfers in Germany, whether for complete or partial acquisition of a company. It covers all crucial aspects of the transaction, including detailed provisions on purchase price mechanisms, representations and warranties, conditions precedent, closing mechanics, and post-closing obligations. The document must be structured to comply with German legal requirements while also addressing practical business considerations and market standards in German M&A transactions.

1. Parties: Identification of the seller(s), purchaser(s), and any other relevant parties to the agreement

2. Background: Context of the transaction, including description of the target company and purpose of the agreement

3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation

4. Sale and Purchase of Shares: Core transaction terms including number of shares, purchase price, and basic mechanics of the transfer

5. Purchase Price: Detailed provisions on purchase price, including calculation method, adjustments, and payment terms

6. Closing: Conditions precedent, closing mechanics, and timing of the transaction

7. Seller's Representations and Warranties: Comprehensive warranties about the seller's authority, share ownership, and target company

8. Purchaser's Representations and Warranties: Warranties about the purchaser's authority and ability to complete the transaction

9. Pre-Closing Covenants: Obligations of parties between signing and closing, including conduct of business

10. Post-Closing Covenants: Ongoing obligations after closing, including non-compete and confidentiality

11. Indemnification: Rights and obligations regarding compensation for breaches and losses

12. Taxation: Tax-related provisions, including allocations and indemnities

13. Confidentiality: Provisions regarding confidential information and public announcements

14. Notices: Process and requirements for formal communications between parties

15. Governing Law and Jurisdiction: Choice of German law and jurisdiction provisions

16. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments