Document background
The Takeover Agreement By Transfer Of Company Shares is a crucial document used in Dutch corporate acquisitions when ownership of a company is transferred through the purchase of its shares. This agreement is essential in the Netherlands where share transfers must be executed by notarial deed and comply with specific local legal requirements. It serves as the primary transaction document that outlines all material terms of the acquisition, including purchase price, payment terms, warranties, and indemnities. The agreement must consider Dutch corporate law requirements, including works council rights, competition law implications, and specific formalities for share transfers. It's particularly important as it not only documents the transaction but also provides protection for both buyers and sellers through carefully drafted warranties and indemnities, while ensuring compliance with Dutch regulatory requirements and market practice.
