The Business Purchase Agreement is a crucial document used in Belgian business transactions when one entity wishes to acquire another business, whether through an asset purchase or share transfer. It serves as the primary contract governing the terms and conditions of the business acquisition, ensuring compliance with Belgian legal requirements, including the Civil Code, Code of Economic Law, and relevant tax regulations. This document is essential for documenting the agreed terms of sale, purchase price, payment mechanisms, warranties, and indemnities. It addresses key aspects such as employee transfers under CBA No. 32bis, regulatory approvals, and competition law considerations. The agreement typically includes detailed schedules listing assets, contracts, and employees being transferred, making it a comprehensive record of the transaction terms and conditions.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of the seller(s) and buyer(s) with full legal details as registered with the Belgian Business Registry
2. Background: Context of the transaction, including brief description of the business and purpose of the agreement
3. Definitions: Defined terms used throughout the agreement, including specific Belgian legal terminology where relevant
4. Sale and Purchase: Core transaction terms including the assets/business being purchased and excluded assets
5. Purchase Price: Purchase consideration, payment terms, adjustments, and escrow arrangements if applicable
6. Completion: Closing mechanics, conditions precedent, and completion obligations
7. Seller's Warranties: Standard warranties regarding business ownership, operations, compliance, and financial statements
8. Buyer's Warranties: Basic warranties regarding capacity to enter into transaction and funding
9. Pre-Completion Obligations: Seller's obligations regarding business operation between signing and completion
10. Employee Matters: Treatment of employees, including compliance with CBA No. 32bis
11. Tax Matters: Tax provisions, indemnities, and allocations of tax liabilities
12. Confidentiality: Confidentiality obligations regarding transaction and business information
13. Non-Competition: Non-compete and non-solicitation provisions compliant with Belgian competition law
14. Governing Law and Jurisdiction: Confirmation of Belgian law governance and jurisdiction of Belgian courts
15. General Provisions: Standard boilerplate provisions including notices, amendments, and severability
1. Intellectual Property: Required when business involves significant IP assets, detailing their transfer and protection
2. Real Estate: Include when business premises are owned rather than leased, or when lease transfers are complex
3. Environmental Matters: Required for businesses with environmental risks or compliance obligations
4. Data Protection: Include when business processes significant personal data, ensuring GDPR compliance
5. Regulatory Approvals: Required when transaction needs regulatory clearance (e.g., competition authority approval)
6. Post-Completion Services: Include when seller will provide transitional services after completion
7. Earn-out Provisions: Include when part of purchase price is contingent on future performance
8. Bank Guarantees: Required when payment includes bank guarantees or similar security arrangements
1. Business Assets Schedule: Detailed list of all assets included in the sale
2. Excluded Assets Schedule: List of assets explicitly excluded from the sale
3. Employee Schedule: List of employees, their roles, and key employment terms
4. Property Schedule: Details of owned and leased properties
5. Contracts Schedule: List of material contracts being transferred
6. Intellectual Property Schedule: List of IP rights including registrations and licenses
7. Completion Obligations Schedule: Detailed list of completion deliverables
8. Warranties Schedule: Detailed warranties and any disclosed exceptions
9. Purchase Price Adjustment Schedule: Methodology for calculating any price adjustments
10. Form of Transfer Instruments: Templates for transfer documents required under Belgian law
Find the exact document you need
Purchase Agreement For Used Boats
A Belgian law-governed agreement for the sale and purchase of used boats, detailing vessel specifications, price, and ownership transfer terms.
Download
Buy Sell Agreement Life (Insurance)
A Belgian law-governed agreement combining life insurance with buy-sell provisions to facilitate business ownership transfer upon an owner's death.
Download
Generic Purchase Contract
A Belgian law-governed agreement establishing terms and conditions for the purchase of goods or services, ensuring compliance with Belgian commercial and civil law requirements.
Download
Agreement For Sale Of Business
A Belgian law-governed agreement documenting the complete sale and purchase of a business, including all essential terms, conditions, and regulatory compliance requirements.
Download
Sell Agreement
Belgian law-governed Sales Agreement defining terms and conditions for sale and purchase of goods or assets, compliant with Belgian Civil Code and EU regulations.
Download
Private Purchase Contract
A Belgian law-governed contract for private sales transactions, detailing terms of sale, purchase price, and transfer of ownership between private parties.
Download
House Buying Agreement
A legally binding agreement for residential property transfer in Belgium, requiring notarial execution and compliance with Belgian Civil Code and regional property regulations.
Download
Agreement For Sale Of Motor Vehicle
A Belgian law-governed agreement for the sale and purchase of a motor vehicle, detailing vehicle specifications, price, and transfer terms.
Download
Contract Of Sale Of Motor Vehicle
A Belgian law-compliant contract governing the sale and purchase of motor vehicles, suitable for both private and commercial transactions.
Download
Offer Purchase Contract
A Belgian law-governed document outlining terms and conditions for a proposed purchase of assets, goods, or property, serving as a binding offer when accepted.
Download
Business Purchase Agreement
A Belgian law-governed agreement for the purchase and sale of a business, detailing transaction terms, assets, and compliance requirements.
Download
Installment Purchase Contract
Belgian law-governed agreement for purchasing goods through structured installment payments, incorporating consumer protection requirements and detailed payment terms.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)