Document background
The Shareholders Agreement Transfer Of Shares is a crucial document used in Danish corporate transactions when shareholders wish to transfer their ownership interests in a company. This agreement becomes necessary when existing shareholders plan to sell or transfer their shares, whether to other existing shareholders or to new investors. It provides a clear framework for the transfer process while ensuring compliance with Danish corporate law, particularly the Danish Companies Act (Selskabsloven). The document typically includes detailed provisions on share valuation, transfer restrictions, right of first refusal, tag-along and drag-along rights, and procedures for executing transfers. It serves to protect both the transferring shareholders' interests and those of the remaining shareholders while maintaining the company's stability during ownership changes. The agreement is particularly important in private companies where shares are not publicly traded and specific transfer procedures need to be established.
