Document background
The Buy-Sell Agreement is a fundamental transaction document used in Danish business practice when transferring ownership of assets, shares, or entire businesses. It serves as the primary contract governing the sale transaction, incorporating requirements from Danish contract law, the Danish Sale of Goods Act, and other relevant legislation. This document is essential when parties need to formally document the terms of a sale, including specific conditions, warranties, and post-closing obligations. The agreement typically includes detailed provisions about the transaction structure, price mechanisms, representations and warranties, and risk allocation between parties. It's particularly important in the Danish context as it must comply with local corporate law requirements and business practices while providing adequate protection for both buyer and seller.
