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Sale Of Shares Agreement
1. Parties: Identification of the seller(s) and buyer(s) with full legal names and addresses
2. Background: Context of the transaction, including brief description of the target company and purpose of the agreement
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Sale and Purchase: Core transaction terms including description of shares being sold and purchase price
5. Purchase Price and Payment: Detailed payment terms, including payment method, currency, and timing
6. Conditions Precedent: Conditions that must be satisfied before completion can occur
7. Pre-Completion Obligations: Obligations of parties between signing and completion
8. Completion: Mechanics of the completion process, including timing, location, and deliverables
9. Warranties: Seller's warranties regarding the shares and target company
10. Limitations on Seller's Liability: Limitations on warranty claims and general liability caps
11. Buyer's Warranties: Basic warranties from the buyer, including capacity to enter into the agreement
12. Tax Covenants: Specific provisions relating to tax matters and allocations
13. Confidentiality: Obligations regarding confidential information
14. Announcements: Rules for public announcements about the transaction
15. Governing Law and Jurisdiction: Choice of Danish law and jurisdiction provisions
16. General Provisions: Standard boilerplate clauses including notices, amendments, and entire agreement
1. Earn-out Provisions: Used when part of the purchase price is contingent on future performance
2. Vendor Financing: Include when seller is providing financing for part of the purchase price
3. Non-Competition: Restrictions on seller's future competitive activities, if required
4. Employee Matters: Specific provisions regarding key employees or management
5. Intellectual Property: Special provisions for companies where IP is a crucial asset
6. Real Estate: Special provisions for companies with significant real estate assets
7. Environmental Matters: For companies with environmental risks or obligations
8. Transitional Services: When seller will provide services to target company post-completion
9. Break Fee: Provisions for payment if deal fails under specific circumstances
10. Tag-Along/Drag-Along Rights: For partial share sales where ongoing shareholder relationships need regulation
1. Share Details: Detailed description of shares being transferred including share certificates
2. Target Company Information: Details of the target company including corporate information
3. Warranties: Detailed warranties about the company, often extensive
4. Disclosed Documents: List of documents disclosed against the warranties
5. Properties: Details of real estate owned or leased by the target company
6. Intellectual Property: List of IP rights owned by the target company
7. Material Contracts: List and details of important contracts
8. Employees: Information about employees and their terms of employment
9. Completion Deliverables: List of documents and items to be delivered at completion
10. Data Room Index: Index of documents provided in due diligence
11. Accounts: Recent financial statements of the target company
12. Bank Details: Payment instructions for the purchase price
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