Document background
The Share Sale Agreement is a crucial document used in corporate transactions under Belgian law when transferring ownership of shares from one party to another. It serves as the primary contract governing the sale of shares, whether for a partial or complete acquisition of a company. This document is essential for both private and public company transactions, though specific requirements may vary. The agreement must comply with Belgian corporate law, particularly the Belgian Companies and Associations Code, and address various aspects including share transfer restrictions, tax implications, and regulatory approvals. It typically includes detailed warranties about the company's condition, indemnities, conditions precedent, and completion mechanics. The document is particularly important in Belgium's civil law system, where specific formalities and requirements must be met for the valid transfer of shares.
