Document background
The Business Shares Agreement is a fundamental document in Irish corporate transactions, used whenever shares in an Irish company are being transferred between parties or new shares are being issued. This agreement is essential for documenting the terms of share transactions, whether in the context of investment rounds, corporate restructuring, employee share schemes, or exit arrangements. The document must comply with Irish company law, particularly the Companies Act 2014, and includes crucial details about share valuation, transfer mechanics, shareholder rights, and governance arrangements. It serves multiple purposes: legally executing the share transfer, protecting parties' interests through warranties and indemnities, establishing governance frameworks, and ensuring regulatory compliance. The agreement is particularly important in private companies where shares are not freely transferable and specific transfer restrictions need to be documented.
