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Sale Of Shares Contract Template for Ireland

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Key Requirements PROMPT example:

Sale Of Shares Contract

"I need a Sale Of Shares Contract under Irish law for the sale of 100% shares in my technology startup to a multinational corporation, with completion scheduled for March 2025 and including earnout provisions based on future performance."

Document background
The Sale Of Shares Contract is a fundamental transaction document used when transferring ownership of shares in an Irish company from one party to another. It is essential for both private and public company transactions, though its complexity and content may vary depending on the size and nature of the deal. The document must comply with Irish law, particularly the Companies Act 2014, and typically includes detailed provisions covering purchase price, completion mechanics, warranties, indemnities, and post-completion obligations. It's commonly used in scenarios ranging from small private company acquisitions to large corporate transactions, and may require adaptation based on industry-specific regulations, particularly in regulated sectors. The agreement serves as the primary record of the transaction terms and the parties' respective rights and obligations.
Suggested Sections

1. Parties: Identification of the seller(s) and buyer(s), including full legal names and addresses

2. Background: Context of the transaction, including brief description of the company and purpose of the agreement

3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation

4. Sale and Purchase: Core transaction terms including the shares being sold and purchase price

5. Consideration: Details of the purchase price, payment terms, and any adjustment mechanisms

6. Completion: Timing and mechanics of completion, including actions required at completion

7. Seller's Warranties: Standard warranties given by the seller regarding the shares and the company

8. Limitations on Seller's Liability: Limitations on warranty claims and general liability of the seller

9. Buyer's Warranties: Basic warranties from the buyer regarding capacity and authority to enter the agreement

10. Pre-Completion Obligations: Obligations of parties between signing and completion, including conduct of business

11. Confidentiality: Obligations regarding confidential information and announcements

12. Notices: Process and requirements for serving notices under the agreement

13. General Provisions: Standard boilerplate clauses including governing law, jurisdiction, and entire agreement

14. Execution: Signature blocks and execution provisions

Optional Sections

1. Tax Covenant: Detailed tax indemnity from seller to buyer - used in larger transactions or where tax risks are identified

2. Non-Competition Restrictions: Restrictions on seller's future activities - used when seller could compete with the business

3. Earn-out Provisions: Structure for deferred consideration based on future performance - used when price includes performance-based elements

4. Security for Claims: Provisions for securing warranty claims - used in higher risk transactions or with individual sellers

5. Representative's Capacity: Where sellers act through a representative - used with multiple sellers

6. Employee Matters: Specific provisions regarding key employees - used when employee retention is crucial

7. Intellectual Property Rights: Detailed IP provisions - used when IP is a key business asset

8. Data Protection: Specific data protection obligations - used when significant personal data is involved

9. Break Fee: Compensation if deal fails - used in higher value transactions with significant due diligence costs

Suggested Schedules

1. Details of the Company: Corporate information including share capital, directors, and registered details

2. The Properties: Details of any real estate owned or leased by the company

3. The Warranties: Full set of warranties given by the seller

4. Completion Obligations: Detailed list of documents and actions required at completion

5. Encumbrances: List of any security interests or encumbrances affecting the shares or company assets

6. Intellectual Property: Schedule of all IP owned or licensed by the company

7. Material Contracts: List and details of key commercial contracts

8. Employee Information: Details of employees including service agreements and benefits

9. Tax Schedule: Detailed tax warranties and tax covenant provisions

10. Disclosed Documents: List of documents disclosed against the warranties

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions























































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Relevant Industries

Financial Services

Technology

Manufacturing

Retail

Professional Services

Healthcare

Real Estate

Energy

Telecommunications

Media and Entertainment

Construction

Agriculture

Transportation and Logistics

Education

Hospitality

Relevant Teams

Legal

Finance

Corporate Development

Mergers & Acquisitions

Tax

Compliance

Risk Management

Corporate Secretariat

Treasury

Executive Leadership

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Corporate Lawyer

Legal Counsel

Company Secretary

Financial Director

Managing Director

Business Development Manager

Investment Manager

Compliance Officer

Tax Director

Corporate Development Director

Mergers & Acquisitions Manager

Risk Manager

Board Director

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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