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1. Parties: Identification of the seller(s) and purchaser(s), including full legal names and addresses
2. Background: Context of the transaction, including description of the target company and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase of Shares: Core transaction terms including number of shares, purchase price, and payment terms
5. Conditions Precedent: Conditions that must be satisfied before completion of the transaction
6. Completion: Details of the completion process, timing, and deliverables
7. Seller's Warranties: Standard warranties regarding share ownership, company status, and business operations
8. Purchaser's Warranties: Basic warranties from the purchaser, including authority to enter into the agreement
9. Limitations on Liability: Limitations on the seller's liability under the warranties and indemnities
10. Confidentiality: Obligations regarding confidential information
11. Announcements: Provisions regarding public announcements about the transaction
12. Notices: Process for giving formal notices under the agreement
13. Governing Law and Jurisdiction: Confirmation of German law as governing law and jurisdiction for disputes
1. Earn-out Provisions: Used when part of the purchase price is contingent on future performance
2. Employee Matters: Required when specific arrangements for key employees or employee transfers are needed
3. Non-competition: Include when restrictions on seller's future competitive activities are required
4. Tax Covenant: Detailed tax provisions when specific tax risks need to be addressed
5. Regulatory Approvals: Required for transactions needing specific regulatory clearances
6. Transitional Services: Include when the seller will provide services to the target company post-completion
7. Break Fee: Used in larger transactions where compensation for failed completion is required
8. Material Adverse Change: Include for protection against significant negative changes before completion
1. Share Details: Detailed description of the shares being sold
2. Company Information: Key details about the target company including corporate information
3. Properties: List and details of company real estate and lease agreements
4. Material Contracts: List and summary of important commercial contracts
5. Intellectual Property: Schedule of IP rights owned or licensed by the company
6. Employees: List of employees and their key employment terms
7. Completion Deliverables: List of documents and actions required at completion
8. Warranties: Detailed warranties about the company and its business
9. Data Room Index: Index of documents disclosed during due diligence
10. Permitted Leakage: List of permitted value transfers in locked box transactions
Accounts Date
Affiliate
Agreement
Anti-Trust Authorities
Business Day
Closing
Closing Date
Company (Gesellschaft)
Completion
Conditions Precedent
Confidential Information
Consideration
Data Room
Disclosed
Disclosure Letter
Effective Date (Stichtag)
Encumbrance
Enterprise Value
Environmental Laws
Financial Statements
Fundamental Warranties
Governmental Authority
Group
Intellectual Property Rights
Key Employees
Knowledge
Leakage
Locked Box Date
Long Stop Date
Loss
Material Adverse Change
Material Contracts
Notary
Party/Parties
Permits
Permitted Leakage
Purchase Price
Purchaser
Purchaser's Group
Regulatory Approvals
Related Persons
Relevant Period
Seller
Seller's Warranties
Shares (Geschäftsanteile)
Signing Date
Subsidiaries
Tax/Taxes
Tax Authority
Target Group
Third Party
Transaction
Transaction Documents
Warranties
Working Capital
Share Purchase
Purchase Price
Payment Terms
Conditions Precedent
Pre-Completion Obligations
Completion Mechanics
Warranties
Fundamental Warranties
Business Warranties
Tax Warranties
Environmental Warranties
Intellectual Property Warranties
Employment Warranties
Property Warranties
Limitations on Liability
Tax Indemnity
Non-Competition
Confidentiality
Data Protection
Employee Matters
Powers of Attorney
Further Assurance
Assignment
Costs
Notices
Entire Agreement
Amendments
Severability
Third Party Rights
Force Majeure
Governing Law
Dispute Resolution
Anti-corruption
Regulatory Compliance
Public Announcements
Restrictive Covenants
Material Adverse Change
Break Fee
Earn-out
Working Capital Adjustment
Leakage
Bank Guarantees
Parent Company Guarantees
Time of the Essence
Waiver
Set-off
Manufacturing
Technology
Financial Services
Real Estate
Healthcare
Retail
Energy
Telecommunications
Professional Services
Industrial
Consumer Goods
Media and Entertainment
Transportation and Logistics
Life Sciences
Legal
Corporate Development
Finance
Mergers & Acquisitions
Risk and Compliance
Corporate Secretariat
Tax
Strategy
Executive Leadership
Business Development
Chief Executive Officer
Chief Financial Officer
General Counsel
Corporate Lawyer
Legal Director
Head of Mergers & Acquisitions
Investment Director
Corporate Development Manager
Financial Controller
Company Secretary
Due Diligence Manager
Transaction Manager
Legal Counsel
Business Development Director
Risk Manager
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