Document background
The Share Sale and Purchase Agreement is a fundamental document in corporate acquisitions under Danish law, used when one party wishes to acquire ownership of a company through the purchase of its shares from existing shareholders. This comprehensive agreement serves as the primary transaction document, detailing all aspects of the share transfer, including purchase price, payment mechanisms, warranties, indemnities, and conditions precedent. It is particularly crucial in ensuring compliance with Danish corporate law requirements, including the Danish Companies Act (Selskabsloven) and relevant EU regulations. The document typically includes extensive schedules covering due diligence findings, company information, and completion requirements. It's essential for both private and public company transactions, though specific requirements may vary based on the target company's status and transaction size. The agreement must address specific Danish legal considerations, such as employee rights, competition law compliance, and regulatory approvals where applicable.
