Document background
The Business Acquisition Purchase Agreement is a fundamental document used in Belgian corporate transactions to facilitate the transfer of business ownership. It is primarily used when one company or individual seeks to acquire another business entity, whether through a share purchase or asset purchase structure. The agreement must comply with Belgian corporate law, including the Companies and Associations Code of 2019, and relevant EU regulations. It typically includes detailed provisions on purchase price mechanics, warranties, indemnities, conditions precedent, and completion requirements. The document also addresses specific Belgian legal requirements such as employee transfer rights, competition law compliance, and tax implications. This agreement is particularly important as it serves as the primary reference point for all aspects of the transaction and future relationships between the parties, incorporating all necessary protections and obligations under Belgian law.
