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Contract for Sale of Shares

A Contract for Sale of Shares agreement applies when a private company sells any shares. The Contract for share sale agreement clarifies each party’s legal rights and the buyer will be relying on their own due diligence to minimise the risks of the deal. 

Share Sale Agreement contains the usual provisions in relation to sale of business including:

  • Assets
  • Consideration
  • Deferred consideration
  • Completion
  • Post completion obligations
  • Assignment of Contracts
  • Employees
  • Liabilities
  • Restrictive covenants

Plus variables are included in six schedules for ease of drafting:

  • SCHEDULE 1:Consideration,deposit,business,domain names, email addresses
  • SCHEDULE 2: Equipment:
  • SCHEDULE 3:List of Guarantees
  • SCHEDULE 4:List of Creditors
  • SCHEDULE 5:List of Debtors
  • SCHEDULE 6:Work in Progress (WIP)

13 pages long.

KALDELEGAL

A Sale and Purchase of Shares Agreement is an agreement between a buyer and purchaser in which the seller agrees to sell a stated number of shares at an agreed price

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