Document background
A Share Acquisition Agreement is the primary transaction document used when one party wishes to acquire ownership of a company through the purchase of its shares from existing shareholders. This agreement, governed by Irish law, is essential for both private and public company acquisitions, though its specific terms may vary depending on the transaction size, complexity, and nature of the target business. The document comprehensively addresses all aspects of the share purchase transaction, including detailed provisions on purchase price mechanisms, conditions precedent, warranties about the target company's business, tax indemnities, and completion mechanics. It must comply with Irish Companies Act 2014 requirements, relevant EU regulations, and potentially Competition Act provisions if the transaction meets certain thresholds. The agreement is typically preceded by extensive due diligence and may be accompanied by ancillary documents such as disclosure letters, tax deeds, and transitional services agreements.
