Document background
The Share Purchase Agreement Of Private Limited Company is a crucial legal document used in Malaysia when transferring ownership of shares in a private limited company from one party to another. It is essential for both small-scale transactions and larger corporate acquisitions, providing a legally binding framework that protects all parties' interests. The agreement must comply with the Malaysian Companies Act 2016, Capital Markets and Services Act 2007, and other relevant local legislation. It typically includes detailed provisions about the transaction structure, purchase price mechanics, representations and warranties, conditions precedent, completion procedures, and post-completion obligations. This document is particularly important as it governs not just the immediate transfer of shares but also addresses potential future liabilities and obligations between the parties.
