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Stock Assignment Agreement Template for Denmark

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Stock Assignment Agreement

Document background
The Stock Assignment Agreement is a crucial legal document used in Danish corporate transactions to facilitate the transfer of shares between parties. It is particularly relevant when shareholders wish to sell or transfer their shareholding in a Danish company, whether as part of a corporate restructuring, investment transaction, or exit strategy. The agreement must comply with Danish legal requirements, particularly the Danish Companies Act (Selskabsloven) and securities regulations. It typically includes detailed information about the shares being transferred, payment terms, representations and warranties, and necessary approvals. This document is essential for ensuring proper documentation of ownership changes and maintaining compliance with Danish corporate governance requirements, while also addressing tax implications and registration obligations with the Danish Business Authority.
Suggested Sections

1. Parties: Identification of the Assignor and Assignee, including full legal names, registration numbers, and addresses

2. Background: Context of the assignment, including details about the company whose shares are being transferred and the reason for the transfer

3. Definitions: Definitions of key terms used throughout the agreement

4. Subject Matter of Assignment: Detailed description of the shares being transferred, including number, class, and nominal value

5. Purchase Price and Payment: Specification of the consideration for the shares and payment terms

6. Closing and Transfer Mechanics: Process and timing for completing the transfer, including registration requirements

7. Representations and Warranties of Assignor: Assignor's confirmations regarding ownership, authority to sell, and status of the shares

8. Representations and Warranties of Assignee: Assignee's confirmations regarding authority to purchase and compliance with relevant laws

9. Conditions Precedent: Any conditions that must be satisfied before the transfer becomes effective

10. Tax Matters: Allocation of responsibility for taxes arising from the transfer

11. Notices: Process for formal communications between parties

12. Governing Law and Jurisdiction: Confirmation of Danish law as governing law and jurisdiction for disputes

13. Execution: Signature blocks and execution requirements

Optional Sections

1. Tag-Along Rights: Include when existing shareholders have rights to participate in the transfer

2. Drag-Along Rights: Include when majority shareholders can force minority shareholders to join the transfer

3. Board Approval: Include when transfer requires specific board approval process

4. Regulatory Approvals: Include when transfer requires regulatory clearances

5. Non-Competition: Include when assignor needs to be restricted from competing post-transfer

6. Confidentiality: Include when specific confidentiality provisions are needed beyond standard terms

7. Share Encumbrances: Include when shares are subject to any liens or encumbrances requiring special treatment

8. Survival of Obligations: Include when certain obligations need to survive completion of the transfer

Suggested Schedules

1. Share Certificate Details: Copy of share certificates or detailed description of electronic registration

2. Company Information: Extract from the Danish Business Authority showing current ownership and share capital

3. Calculation of Purchase Price: If price is based on a formula or specific calculations

4. Required Consents: Copies of any required third-party or regulatory consents

5. Board Resolution: Copy of board resolution approving the transfer (if required)

6. Shareholders' Resolution: Copy of shareholders' resolution if required under articles of association

7. Due Diligence Findings: Summary of any due diligence affecting the transfer terms

8. Transfer Notice Forms: Forms required for registration with Danish Business Authority

Authors

Relevant legal definitions












































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Relevant Industries
Relevant Teams
Relevant Roles
Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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