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1. Parties: Identifies and defines all parties to the agreement, including their legal status and contact details
2. Background: Provides context for the agreement, including the current ownership structure and reason for the buy-sell arrangement
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes rules of interpretation
4. Purchase and Sale Obligation: Core provision detailing the commitment to buy and sell, including trigger events and conditions
5. Valuation Mechanism: Specifies how the purchase price will be determined, including valuation methods and timelines
6. Payment Terms: Details the payment structure, timing, and method of payment
7. Closing Process: Outlines the procedure for completing the transaction, including conditions precedent and closing requirements
8. Representations and Warranties: States the assurances and declarations made by each party regarding their capacity and authority
9. Covenants: Lists ongoing obligations of the parties before and after closing
10. Default and Remedies: Specifies what constitutes default and the available remedies
11. Dispute Resolution: Details the process for resolving disputes, including jurisdiction and governing law
12. Miscellaneous: Contains standard boilerplate provisions including notices, amendments, and severability
1. Right of First Refusal: Optional section for when parties want to restrict transfer to third parties by giving existing owners first right to purchase
2. Tag-Along Rights: Optional provision allowing minority shareholders to join in the sale of shares to a third party
3. Drag-Along Rights: Optional provision allowing majority shareholders to force minority shareholders to join in the sale
4. Insurance Requirements: Optional section specifying requirements for life or disability insurance to fund the purchase
5. Non-Compete Provisions: Optional restrictions on competitive activities after the sale
6. Interim Management: Optional provisions governing management of the business during the transition period
7. Employee Matters: Optional section dealing with employment contracts and employee rights post-transaction
8. Intellectual Property Rights: Optional detailed provisions regarding the transfer of IP rights
9. Tax Matters: Optional detailed provisions regarding tax implications and responsibilities
1. Schedule A - Description of Assets/Shares: Detailed list and description of the assets or shares being transferred
2. Schedule B - Purchase Price Calculation: Detailed methodology for calculating the purchase price
3. Schedule C - Encumbrances: List of all existing liens, charges, and encumbrances on the assets/shares
4. Schedule D - Required Consents: List of third-party consents required for the transfer
5. Schedule E - Intellectual Property: Detailed list of all IP rights included in the transfer
6. Appendix 1 - Valuation Report: Independent valuation report if required
7. Appendix 2 - Due Diligence Report: Summary of due diligence findings
8. Appendix 3 - Closing Checklist: List of all documents and actions required for closing
9. Appendix 4 - Form of Transfer Instruments: Templates for share transfer forms or asset transfer deeds
Applicable Law
Assets
Board
Business
Business Day
Buy-Sell Event
Buyer
Closing
Closing Date
Company
Confidential Information
Consideration
Control
Deed of Adherence
Dispute
Encumbrance
Fair Market Value
Financial Year
Force Majeure Event
Governmental Authority
Group Company
Intellectual Property Rights
Liabilities
Material Adverse Effect
Notice
Parties
Permitted Transferee
Purchase Price
Related Party
Relevant Interest
Representatives
Seller
Shares
Shareholder
Subsidiaries
Tax
Third Party
Transfer
Trigger Event
Valuation Date
Valuation Method
Working Capital
Definitions
Purchase and Sale
Trigger Events
Valuation
Payment Terms
Transfer Mechanics
Representations and Warranties
Conditions Precedent
Closing Conditions
Covenants
Right of First Refusal
Tag Along Rights
Drag Along Rights
Non-Compete
Confidentiality
Insurance Requirements
Share Transfer Restrictions
Board Composition
Management Rights
Dispute Resolution
Governing Law
Force Majeure
Indemnification
Notices
Assignment
Amendment
Severability
Entire Agreement
Third Party Rights
Term and Termination
Tax Matters
Costs and Expenses
Further Assurance
Counterparts
Waiver
Time of Essence
Compliance with Law
Authority and Capacity
Successor and Assigns
Manufacturing
Information Technology
Professional Services
Real Estate
Retail
Healthcare
Family Business
Construction
Hospitality
Financial Services
Agriculture
Education
Logistics
Media and Entertainment
Legal
Finance
Corporate Secretarial
Compliance
Risk Management
Corporate Strategy
Business Development
Board of Directors
Executive Leadership
Investment
Mergers and Acquisitions
Chief Executive Officer
Managing Director
Company Secretary
Chief Financial Officer
Legal Counsel
Business Owner
Managing Partner
Board Director
Corporate Lawyer
Financial Controller
Investment Manager
Risk Manager
Compliance Officer
Business Development Manager
Corporate Strategy Director
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