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Business Purchase Agreement
1. Parties: Identification of the seller and purchaser, including full legal names, registration numbers, and registered addresses
2. Background: Context of the transaction, brief description of the business, and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core transaction terms including what is being sold (shares/assets), the agreement to sell and purchase
5. Purchase Price: Specification of the purchase price, payment terms, and any price adjustment mechanisms
6. Conditions Precedent: Conditions that must be satisfied before completion can occur
7. Pre-Completion Obligations: Obligations of both parties between signing and completion, including conduct of business requirements
8. Completion: Mechanics of completion, including timing, location, and actions required
9. Warranties: Seller's warranties regarding the business, assets, and liabilities
10. Limitations on Seller's Liability: Limitations on warranty claims and other liability restrictions
11. Tax Covenants: Provisions dealing with tax matters and allocations of tax liabilities
12. Confidentiality: Obligations regarding confidential information and announcements
13. Non-Competition: Restrictions on seller's competing activities post-completion
14. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
15. General Provisions: Standard boilerplate provisions including notices, amendments, and severability
1. Earn-out Provisions: Used when part of the purchase price is contingent on future performance
2. Employee Matters: Detailed provisions about employee transfers and obligations, used when employees are a significant consideration
3. Real Estate: Specific provisions for real estate transfers, used when property is a material part of the business
4. Intellectual Property: Detailed IP provisions, used when IP is a significant business asset
5. Environmental Matters: Used for businesses with significant environmental aspects or risks
6. Bank Financing: Used when the purchase is dependent on third-party financing
7. Transitional Services: Used when the seller will provide services to the business post-completion
8. Data Protection: Detailed GDPR compliance provisions, used when personal data processing is significant
1. Schedule 1 - The Business: Detailed description of the business being sold, including all assets, contracts, and employees
2. Schedule 2 - Properties: Details of all real estate owned or leased by the business
3. Schedule 3 - Intellectual Property: List of all IP rights owned or used by the business
4. Schedule 4 - Employees: List of all employees and their key employment terms
5. Schedule 5 - Material Contracts: List and copies of all material business contracts
6. Schedule 6 - Warranties: Detailed warranties given by the seller
7. Schedule 7 - Completion Requirements: Detailed list of completion deliverables and requirements
8. Schedule 8 - Excluded Assets: List of assets explicitly excluded from the sale
9. Schedule 9 - Permitted Encumbrances: List of permitted liens and encumbrances on business assets
10. Schedule 10 - Data Room Index: Index of all due diligence materials provided
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