Document background
The Acquisition Purchase Agreement serves as the primary transaction document in business acquisitions under Belgian law, whether structured as a share purchase or asset purchase. This document is essential when one entity seeks to acquire ownership of another business entity or its assets in Belgium, requiring compliance with Belgian corporate law, including the Belgian Company Code and Civil Code. The agreement typically includes detailed provisions on purchase price mechanisms, warranties and representations, conditions precedent, completion mechanics, and post-closing obligations. It must address specific Belgian legal requirements regarding employee rights, tax implications, and where applicable, competition law clearances. The document is crucial for both domestic Belgian transactions and cross-border acquisitions involving Belgian entities, requiring careful consideration of local legal and regulatory requirements while following international best practices in M&A transactions.
