Document background
The Shareholder Purchase Agreement is a crucial document used in corporate transactions where one or more shareholders sell their ownership interests in a company to one or more purchasers. This agreement is essential for both private and public companies in Ireland, providing a legally binding framework that protects the interests of all parties involved. It must comply with Irish law, particularly the Companies Act 2014 and relevant tax legislation. The document typically includes detailed provisions about the transaction structure, purchase price mechanisms, warranties about the company's condition, tax indemnities, and completion procedures. It may also address specific Irish regulatory requirements, such as those from the Central Bank of Ireland or Competition Authority, depending on the transaction size and nature. The agreement serves as the primary transaction document and often references numerous ancillary documents and schedules that provide additional detail about the company, its assets, and the terms of the sale.
