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1. Parties: Identifies and provides full details of the seller(s) and purchaser(s) of the membership interests
2. Background: Outlines the context of the transaction, including details about the entity whose membership interests are being transferred
3. Definitions and Interpretation: Defines key terms used throughout the agreement and sets out interpretation rules
4. Sale and Purchase: Details the membership interests being sold and purchased, including percentage/units
5. Purchase Price: Specifies the purchase price and payment terms
6. Completion: Sets out the completion date, location, and actions required at completion
7. Seller's Warranties: Warranties given by the seller regarding ownership, authority to sell, and status of membership interests
8. Purchaser's Warranties: Warranties given by the purchaser regarding authority to purchase and financial capacity
9. Pre-Completion Obligations: Obligations of both parties between signing and completion
10. Post-Completion Obligations: Actions required after completion, including notifications and registrations
11. Confidentiality: Obligations regarding confidential information
12. Notices: Process for giving formal notices under the agreement
13. General Provisions: Standard boilerplate provisions including governing law, entire agreement, and amendments
14. Execution: Formal execution block for all parties
1. Security for Payment: Include when payment is not made in full at completion
2. Third Party Consents: Include when transfer requires consent from other members or third parties
3. Foreign Investment Approval: Include when purchaser is foreign and FIRB approval is required
4. Tax Indemnity: Include when specific tax risks need to be allocated between parties
5. Non-Competition: Include when seller should be restricted from competing post-sale
6. Earn-out Provisions: Include when part of purchase price is contingent on future performance
7. Break Fee: Include when parties want to specify damages for non-completion
8. Management Transition: Include when seller has management role that needs transition
1. Schedule 1 - Membership Interest Details: Detailed description of membership interests being transferred
2. Schedule 2 - Company/Entity Information: Key details about the entity whose interests are being transferred
3. Schedule 3 - Completion Requirements: Detailed list of documents and actions required at completion
4. Schedule 4 - Warranties: Detailed warranties given by seller regarding the business and membership interests
5. Schedule 5 - Encumbrances: List of any existing encumbrances on the membership interests
6. Schedule 6 - Required Consents: List of third party consents required for the transfer
7. Appendix A - Transfer Forms: Prescribed forms for transferring membership interests
8. Appendix B - Entity Constitution: Copy of current constitution or governing document of the entity
9. Appendix C - Existing Member Agreement: Copy of any existing shareholders/members agreement
Applicable Laws
ASIC
Associate
Authorisation
Business
Business Day
Claim
Company
Completion
Completion Date
Confidential Information
Constitution
Corporations Act
Encumbrance
Entity
Existing Members Agreement
FIRB
FIRB Approval
GST
GST Act
Insolvency Event
Liability
Loss
Material Adverse Change
Member
Membership Interest
Notice
Party/Parties
Purchase Price
Purchaser
Related Body Corporate
Related Party
Representative
Sale Interest
Security Interest
Seller
Seller's Warranties
Subsidiary
Tax
Tax Act
Third Party Claim
Transaction Documents
Transfer Forms
Warranty
Definitions
Sale and Purchase
Purchase Price
Payment Terms
Conditions Precedent
Pre-Completion Obligations
Completion
Post-Completion Obligations
Warranties
Indemnities
Restrictive Covenants
Confidentiality
Tax
GST
Security Interests
Third Party Consents
Foreign Investment
Regulatory Compliance
Representations
Due Diligence
Title and Risk
Default
Termination
Notices
Assignment
Amendment
Waiver
Severability
Entire Agreement
Further Assurance
Costs
Governing Law
Dispute Resolution
Force Majeure
Time of Essence
Counterparts
Electronic Execution
Professional Services
Financial Services
Technology
Manufacturing
Real Estate
Healthcare
Retail
Mining and Resources
Agriculture
Construction
Education
Hospitality
Transport and Logistics
Media and Entertainment
Energy
Legal
Corporate Finance
Compliance
Risk Management
Corporate Governance
Executive Leadership
Business Development
Mergers and Acquisitions
Investment
Company Secretariat
Chief Executive Officer
Chief Financial Officer
Corporate Lawyer
Legal Counsel
Company Secretary
Managing Director
Business Development Manager
Investment Manager
Compliance Officer
Due Diligence Officer
Corporate Advisory Manager
Partnership Manager
Business Owner
Director of Operations
Risk Manager
Transaction Manager
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