Business Sale Agreement for Malta
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Business Sale Agreement
"I need a Business Sale Agreement under Maltese law for the sale of my retail clothing chain with 12 employees, planned for completion by March 2025, with specific provisions for employee transfer and lease assignments for three store locations."
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1. Parties: Identification of the seller and buyer, including full legal names, registration numbers, and registered 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 and purchased
5. Purchase Price: Details of the consideration, payment terms, adjustments, and payment mechanics
6. Conditions Precedent: Any conditions that must be satisfied before completion can occur
7. Pre-Completion Obligations: Obligations of both parties between signing and completion, including business conduct requirements
8. Completion: Mechanics of completion, including timing, location, and actions required
9. Seller's Warranties: Warranties given by the seller regarding the business, assets, and liabilities
10. Buyer's Warranties: Basic warranties from the buyer regarding capacity and authority
11. Limitations on Liability: Limitations on warranty claims and general liability caps
12. Post-Completion Obligations: Ongoing obligations after completion, including transitional arrangements
13. Confidentiality: Obligations regarding confidential information and announcements
14. Governing Law and Jurisdiction: Confirmation of Maltese law as governing law and jurisdiction for disputes
1. Employee Provisions: Detailed provisions regarding the transfer of employees, to be included when employees are transferring with the business
2. Intellectual Property: Specific provisions for IP transfer and protection, necessary when the business has significant IP assets
3. Property Provisions: Detailed real estate provisions, required when the business includes property assets
4. Non-Compete Provisions: Restrictions on the seller's future business activities, included when protecting goodwill is crucial
5. Tax Covenant: Specific tax indemnities and provisions, included for businesses with significant tax exposure
6. Data Protection: Specific provisions for handling personal data, required when the business processes significant personal data
7. Environmental Provisions: Environmental warranties and indemnities, needed for businesses with environmental risks
8. Earn-out Provisions: Structure for additional payments based on future performance, included when part of the price is performance-based
1. Schedule 1 - Business Assets: Detailed list of all assets included in the sale
2. Schedule 2 - Excluded Assets: List of assets specifically excluded from the sale
3. Schedule 3 - Properties: Details of any real estate included in the sale
4. Schedule 4 - Intellectual Property: List of all IP rights included in the sale
5. Schedule 5 - Employees: List of transferring employees and their key employment terms
6. Schedule 6 - Material Contracts: List of key business contracts being transferred
7. Schedule 7 - Warranties: Detailed warranties given by the seller
8. Schedule 8 - Completion Obligations: Detailed list of documents and actions required at completion
9. Schedule 9 - Permitted Encumbrances: List of permitted liens or encumbrances on the assets
10. Appendix 1 - Completion Accounts: Pro-forma completion accounts and accounting policies
Authors
Accounts Date
Assets
Business
Business Day
Business Information
Business Records
Completion
Completion Date
Completion Accounts
Confidential Information
Consideration
Contracts
Data Protection Legislation
Disclosed
Disclosure Letter
Effective Date
Employees
Encumbrance
Excluded Assets
Goodwill
Group
Intellectual Property Rights
Liabilities
Long Stop Date
Loss
Management Accounts
Material Adverse Change
Material Contracts
MFSA
Normal Business Hours
Parties
Permits
Properties
Purchase Price
Regulatory Authority
Relevant Claim
Seller's Group
Seller's Solicitors
Buyer's Solicitors
Signing Date
Stock
Taxation
Tax Authority
Third Party
Transaction Documents
Transfer Regulations
VAT
Warranties
Working Capital
Purchase Price
Payment Terms
Conditions Precedent
Completion
Pre-Completion Obligations
Post-Completion Obligations
Warranties
Tax Covenants
Employee Transfer
Asset Transfer
Property Rights
Intellectual Property
Confidentiality
Non-Competition
Data Protection
Business Contracts
Indemnification
Liability Limitations
Insurance
Environmental Compliance
Regulatory Compliance
Force Majeure
Assignment
Notices
Further Assurance
Entire Agreement
Severability
Variation
Waiver
Third Party Rights
Costs
Announcements
Governing Law
Dispute Resolution
Retail
Manufacturing
Professional Services
Technology
Hospitality
Healthcare
Real Estate
Construction
Financial Services
Education
Transportation
Entertainment
Agriculture
Energy
Legal
Finance
Corporate Development
Mergers & Acquisitions
Executive Leadership
Human Resources
Operations
Tax
Compliance
Risk Management
Commercial
CEO
Managing Director
Business Owner
Corporate Lawyer
Legal Counsel
CFO
Finance Director
Business Development Manager
M&A Director
Company Secretary
Operations Director
HR Director
Commercial Director
Tax Manager
Risk Manager
Compliance Officer
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