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1. Parties: Identification of the seller(s) and buyer(s), including full legal names and addresses
2. Background: Context of the transaction, brief description of the business, and purpose of the agreement
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation
4. Sale and Purchase: Core transaction terms including what is being sold (assets or shares) and the basis of sale
5. Purchase Price: Purchase price, payment terms, adjustments, and earn-out provisions if applicable
6. Conditions Precedent: Conditions that must be satisfied before completion can occur
7. Pre-Completion Obligations: Obligations of both parties between signing and completion, including conduct of business requirements
8. Completion: Mechanics of completion, including timing, location, and actions required
9. Warranties: Seller's warranties regarding the business, assets, and liabilities
10. Limitations on Seller's Liability: Limitations on warranty claims and general liability caps
11. Tax Matters: Tax covenants, indemnities, and arrangements for tax filings
12. Employees: Treatment of employees, TUPE provisions, and related obligations
13. Restrictive Covenants: Non-compete and non-solicitation provisions
14. Confidentiality: Obligations regarding confidential information and announcements
15. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law
1. Real Estate: Required when the business includes owned or leased property, covering property transfers or lease assignments
2. Intellectual Property: Detailed provisions for IP transfer when the business has significant IP assets
3. Data Protection: Specific provisions for handling personal data transfer when significant customer or employee data is involved
4. Environmental Matters: Required for businesses with environmental risks or compliance obligations
5. Pensions: Needed when the business has pension schemes or retirement benefit obligations
6. Third Party Consents: Required when material contracts need consent for transfer
7. Earn-out Provisions: Detailed mechanics when part of purchase price is contingent on future performance
8. Transition Services: Required when seller will provide post-completion services to the business
1. Business Assets: Detailed list of all assets included in the sale
2. Excluded Assets: List of assets specifically excluded from the sale
3. Properties: Details of owned and leased properties
4. Intellectual Property Rights: Schedule of all IP rights owned or used by the business
5. Employee Information: List of employees and their key employment terms
6. Material Contracts: Summary of key business contracts
7. Warranties: Detailed warranties given by the seller
8. Completion Requirements: Detailed list of completion deliverables
9. Purchase Price Adjustment: Detailed mechanics for any price adjustment
10. Tax Covenant: Detailed tax indemnity provisions
11. Disclosed Matters: List of matters disclosed against the warranties
Definitions
Sale and Purchase
Purchase Price
Purchase Price Adjustment
Conditions Precedent
Pre-Completion Obligations
Completion
Post-Completion Obligations
Warranties
Fundamental Warranties
Business Warranties
Tax Warranties
Warranty Limitations
Tax Covenants
Tax Indemnities
Employee Matters
TUPE Provisions
Pensions
Property Transfer
Asset Transfer
Intellectual Property
Data Protection
Environmental Matters
Non-Competition
Non-Solicitation
Confidentiality
Public Announcements
Third Party Rights
Assignment
Force Majeure
Severability
Entire Agreement
Amendments
Notices
Costs
Set-off
Further Assurance
Governing Law
Dispute Resolution
Notarization Requirements
Manufacturing
Technology
Retail
Professional Services
Healthcare
Real Estate
Hospitality
Construction
Automotive
Energy
Financial Services
Media and Entertainment
Logistics and Transportation
Agriculture
Telecommunications
Legal
Finance
Mergers & Acquisitions
Corporate Development
Human Resources
Tax
Compliance
Risk Management
Operations
Strategy
Business Development
Chief Executive Officer
Chief Financial Officer
Managing Director
Corporate Lawyer
Legal Counsel
M&A Director
Business Development Manager
Finance Director
Tax Manager
HR Director
Operations Director
Company Secretary
Commercial Director
Risk Manager
Compliance Officer
Integration Manager
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