Document background
A Simple Share Purchase Agreement is the primary document used to execute and record the transfer of shares between parties in New Zealand. This document is particularly suitable for straightforward share transfers where complex warranties or conditions are not required. It ensures compliance with the New Zealand Companies Act 1993 and other relevant legislation while documenting the essential elements of the transaction. The agreement is commonly used for small to medium-sized private company transactions, internal restructuring, or employee share schemes. It includes fundamental provisions covering the sale terms, basic warranties, completion mechanics, and necessary corporate approvals. While simpler than its more complex counterparts, this agreement still provides adequate protection for both parties and maintains proper documentation for corporate and regulatory purposes.
