Document background
The Purchase Of Shares Agreement is a crucial document used in Belgian corporate transactions when one party wishes to acquire ownership in a company through the purchase of shares from existing shareholders. This agreement is essential for both private and public company transactions, though its specific terms may vary accordingly. It must comply with Belgian corporate law, particularly the Belgian Companies and Associations Code, and typically includes detailed provisions on purchase price mechanisms, warranties, indemnities, and conditions precedent. The document is particularly important as it governs not just the immediate transaction but also the ongoing responsibilities and liabilities of both parties. It requires careful consideration of Belgian tax implications, corporate governance requirements, and potentially competition law aspects for larger transactions. The agreement serves as the cornerstone document in share acquisition transactions, protecting both buyers' and sellers' interests while ensuring regulatory compliance.
