The Agreement For Sale of Business is a crucial document used in Danish business transactions when one entity wishes to acquire another entity's business operations. This comprehensive agreement is essential for documenting the transfer of ownership, assets, liabilities, and associated rights and obligations under Danish law. It addresses key aspects required by Danish legislation, including compliance with the Danish Companies Act, Competition Act, and Transfer of Undertakings regulations. The document is particularly important as it provides legal certainty for both parties, covers mandatory employee protection requirements specific to Denmark, and includes necessary provisions for tax implications and regulatory approvals. It's typically used in both share sales and asset sales, requiring careful consideration of Danish corporate law requirements and market practice.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Agreement For Sale Of Business
I need an Agreement for Sale of Business under Danish law for the acquisition of a medium-sized manufacturing company, including specific provisions for machinery transfer and environmental compliance, with completion planned for March 2025.
1. Parties: Identification of the seller(s) and buyer(s) with full legal names, registration numbers, and addresses
2. Background: Context of the transaction, brief description of the business, and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core transaction terms including what is being sold and purchased
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 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-related provisions, including allocations and indemnities
12. Employees: Provisions regarding transfer of employees and related obligations
13. Post-Completion Obligations: Ongoing obligations after completion, including transition services if applicable
14. Non-Competition and Confidentiality: Non-compete restrictions and confidentiality obligations
15. Announcements and Confidentiality: Provisions regarding public announcements and information confidentiality
16. Notices: Process for formal notices between parties
17. General Provisions: Standard boilerplate provisions including governing law, jurisdiction, and entire agreement
18. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
1. Intellectual Property: Specific provisions for transfer of IP rights, used when the business has significant IP assets
2. Real Estate: Provisions regarding transfer of owned or leased properties, used when real estate is part of the transaction
3. Environmental Matters: Environmental warranties and indemnities, used for businesses with environmental risks
4. Data Protection: Specific GDPR compliance provisions, used when personal data is a significant aspect
5. Regulatory Approvals: Details of required regulatory approvals, used when specific sector regulations apply
6. Earn-out Provisions: Detailed earn-out calculations and conditions, used when part of purchase price is contingent on future performance
7. Pensions: Provisions regarding pension schemes, used when significant pension obligations exist
8. Bank Guarantees: Terms of any bank guarantees, used when required as security
9. Working Capital Adjustment: Detailed working capital adjustment mechanisms, used when price depends on working capital at completion
1. Schedule 1 - Definitions: Detailed definitions and interpretations
2. Schedule 2 - Business Description: Detailed description of the business being sold
3. Schedule 3 - Assets: Detailed list of assets included in the sale
4. Schedule 4 - Properties: Details of real estate assets or leases
5. Schedule 5 - Intellectual Property: List of IP rights being transferred
6. Schedule 6 - Employees: List of transferring employees and their key terms
7. Schedule 7 - Material Contracts: List of key contracts being transferred
8. Schedule 8 - Warranties: Detailed warranties given by the seller
9. Schedule 9 - Tax Covenant: Detailed tax indemnity provisions
10. Schedule 10 - Completion Requirements: Detailed list of completion deliverables
11. Appendix A - Latest Accounts: Copy of the latest financial statements
12. Appendix B - Disclosure Letter: Seller's disclosures against the warranties
Authors
Relevant legal definitions
0
Clauses
Interpretation
Definitions
Sale and Purchase
Purchase Price
Purchase Price Adjustment
Earn-out
Conditions Precedent
Pre-completion Obligations
Completion
Post-completion Obligations
Warranties
Indemnities
Limitations on Liability
Tax Covenants
Employee Matters
Pensions
Property
Intellectual Property
Data Protection
Environmental Matters
Competition and Trade
Non-competition
Non-solicitation
Confidentiality
Announcements
Transfer of Assets
Transfer of Contracts
Assignment
Force Majeure
Insurance
Transition Services
Working Capital
Bank Guarantees
Security
Power of Attorney
Further Assurance
Costs
Notices
Severability
Entire Agreement
Amendments
Waiver
Third Party Rights
Counterparts
Governing Law
Jurisdiction
Dispute Resolution
Definitions
Sale and Purchase
Purchase Price
Purchase Price Adjustment
Earn-out
Conditions Precedent
Pre-completion Obligations
Completion
Post-completion Obligations
Warranties
Indemnities
Limitations on Liability
Tax Covenants
Employee Matters
Pensions
Property
Intellectual Property
Data Protection
Environmental Matters
Competition and Trade
Non-competition
Non-solicitation
Confidentiality
Announcements
Transfer of Assets
Transfer of Contracts
Assignment
Force Majeure
Insurance
Transition Services
Working Capital
Bank Guarantees
Security
Power of Attorney
Further Assurance
Costs
Notices
Severability
Entire Agreement
Amendments
Waiver
Third Party Rights
Counterparts
Governing Law
Jurisdiction
Dispute Resolution
Relevant Industries
Manufacturing
Retail
Technology
Professional Services
Healthcare
Real Estate
Financial Services
Construction
Hospitality
Transportation
Energy
Agriculture
Media and Entertainment
Education
Telecommunications
Relevant Teams
Legal
Finance
Mergers & Acquisitions
Corporate Development
Human Resources
Tax
Compliance
Risk Management
Business Development
Operations
Strategy
Integration
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Chief Legal Officer
Corporate Lawyer
General Counsel
M&A Director
Business Development Director
Finance Director
Company Secretary
Tax Director
HR Director
Commercial Director
Risk Manager
Compliance Officer
Integration Manager
Due Diligence Manager
Transaction Manager
Corporate Development Manager
Find the exact document you need
Buy Sell Contract Form
Danish law-governed contract form establishing terms and conditions for sale and purchase of goods or assets, compliant with Købeloven.
find out more
Contract To Sell (Real Estate)
A Danish law-governed contract for the sale and transfer of real estate property, incorporating all mandatory requirements under Danish property legislation.
find out more
Agreement For Sale Of Business
Danish law-governed agreement for the sale and purchase of a business, including all key transaction terms and regulatory compliance requirements.
find out more
Real Estate Contract Of Sale
Danish Real Estate Contract of Sale - A legally binding agreement for property transfer under Danish law, including all mandatory requirements and certificates.
find out more
Asset Sale Purchase Agreement
Danish law agreement for the sale and purchase of assets, detailing transfer terms, warranties, and completion requirements.
find out more
Buyer Seller Agreement Form
A Danish law-governed agreement template establishing terms and conditions between buyers and sellers for commercial transactions.
find out more
Contract To Sell Home
Danish law-compliant contract for the legal transfer of residential property ownership, establishing sale terms and conditions under Danish jurisdiction.
find out more
Sale Contract Agreement
A Danish law-governed agreement establishing terms and conditions for the sale of goods between two parties, including price, delivery, and warranties.
find out more
Buyer And Seller Agreement Form
Danish law-compliant agreement template establishing terms and conditions between buyer and seller for sale transactions.
find out more
Agreement For Sale And Purchase Of Shares
A Danish law-governed agreement documenting the sale and transfer of company shares between seller and buyer, including all key transaction terms and conditions.
find out more
Car Sell Agreement
A Danish law-governed agreement for the sale and purchase of a motor vehicle, detailing vehicle specifications, price, and transfer of ownership terms.
find out more
Agreement To Sell (Real Estate)
A Danish law-governed agreement for the sale and purchase of real estate property, incorporating all mandatory requirements under Danish property legislation.
find out more
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
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.