Document background
A Share Purchase Agreement Between Shareholders is a crucial document used when existing shareholders of an Irish company wish to transfer shares between themselves. This type of agreement is commonly employed in situations such as business restructuring, exit planning, or strategic realignment of ownership interests. The document must comply with Irish company law, particularly the Companies Act 2014, and includes essential elements such as share valuation, payment terms, warranties, and tax provisions. It's particularly important in private companies where shares are not publicly traded and transfer restrictions may apply. The agreement protects both parties' interests by clearly documenting the transaction terms, conditions precedent, completion mechanics, and post-completion obligations. It also typically addresses specific Irish legal requirements such as stamp duty considerations and corporate governance implications.
