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Share Buyout Agreement Template for Ireland

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Key Requirements PROMPT example:

Share Buyout Agreement

"I need a Share Buyout Agreement for purchasing 30% shareholding in an Irish tech startup, with payment to be made in three installments over 2025, and the agreement should include non-compete provisions for the selling founder."

Document background
A Share Buyout Agreement is a crucial document used when one party wishes to acquire shares from an existing shareholder in Ireland. This agreement is essential for both private and public companies, requiring careful consideration of Irish corporate law, particularly the Companies Act 2014, and relevant tax legislation. The document typically includes detailed provisions covering the sale price, payment mechanisms, warranties, representations, and various conditions that must be met before completion. It's particularly important in scenarios involving company restructuring, exit planning, or dispute resolution. The agreement must address specific Irish legal requirements, including stamp duty obligations and corporate governance standards. It often requires input from legal, financial, and tax advisors to ensure all aspects of the transaction are properly addressed and compliant with Irish law.
Suggested Sections

1. Parties: Identification of the buyer, seller(s), and the company whose shares are being transferred

2. Background: Context of the transaction, including current shareholding structure and reason for the buyout

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

4. Sale and Purchase: Core terms of the transaction including number of shares, price, and payment terms

5. Conditions Precedent: Any conditions that must be satisfied before completion can occur

6. Completion: Mechanics of the transfer, including timing, location, and actions required

7. Seller's Warranties: Standard warranties about share ownership, authority to sell, and company status

8. Tax Matters: Treatment of tax liabilities and obligations relating to the transfer

9. Confidentiality: Obligations regarding confidential information and announcements

10. Notices: Process for giving formal notices under the agreement

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

Optional Sections

1. Earn-out Provisions: Used when part of the purchase price is contingent on future performance

2. Non-Compete Covenants: Required when the seller needs to be restricted from competing post-sale

3. Regulatory Compliance: Needed for regulated companies or when regulatory approvals are required

4. Employee Matters: Important when the seller has been an employee/director and employment arrangements need addressing

5. Intellectual Property Rights: Required when IP ownership or licensing needs to be addressed

6. Minority Shareholder Rights: Needed when other shareholders retain interests in the company

7. Security for Deferred Consideration: Used when payment is not made in full at completion

8. Pre-completion Restructuring: Required when corporate restructuring needs to occur before completion

Suggested Schedules

1. Schedule 1 - Details of the Company: Company information including registration details, directors, and share capital structure

2. Schedule 2 - Completion Requirements: Detailed list of documents and actions required at completion

3. Schedule 3 - Warranties: Full list of warranties given by the seller

4. Schedule 4 - Properties: Details of any company properties if relevant to the transaction

5. Schedule 5 - Intellectual Property: List of company IP rights if material to the transaction

6. Schedule 6 - Employee Information: Details of key employees and their terms if relevant

7. Appendix 1 - Share Transfer Form: Pro forma share transfer form to be used at completion

8. Appendix 2 - Board Minutes: Pro forma board resolutions approving the share transfer

9. Appendix 3 - Disclosure Letter: Seller's disclosures 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
Clauses

































Relevant Industries

Financial Services

Technology

Manufacturing

Professional Services

Retail

Healthcare

Real Estate

Construction

Energy

Telecommunications

Media

Transportation

Agriculture

Education

Hospitality

Relevant Teams

Legal

Finance

Corporate Development

Tax

Compliance

Risk Management

Board of Directors

Executive Management

Company Secretariat

Treasury

Mergers and Acquisitions

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Company Secretary

Corporate Lawyer

Legal Counsel

Financial Director

Managing Director

Board Director

Corporate Finance Manager

Tax Manager

Finance Manager

Compliance Officer

Risk Manager

Business Development Director

Investment Manager

Shareholder Relations Manager

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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