Common Contracts
1 similar Share Purchase Agreement contracts
Share Purchase AgreementShare Purchase Agreement • April 23rd, 2021
The purchase of a business which is carried out by a legal entity can be done through the purchase of shares in the legal entity or entities carrying on the business. A typical share sale transaction does not exist. This model is intended to deal with a situation where two parties are selling all of the privately held registered shares issued by a Belgian commercial enterprise incorporated in the form of a limited liability company (“naamloze vennootschap/société anonyme”). The new owner will take control over the target company and the purchase price will be paid at the time of transfer (no instalments and no future payments to the sellers depending on future results of the company such as earn-out provisions or an additional purchase price). By retaining the framework of the model, and incorporating the relevant details of the particular transaction, and certain other clauses (for instance non-competition obligation on the seller) the model gives a good idea of what should be covered
