Document background
The Shareholder Purchase Agreement is a crucial document used when transferring ownership of shares in a New Zealand company. It serves as the primary legal instrument documenting the terms and conditions under which existing shareholders sell their shares to new or existing shareholders. The agreement is essential for both private and public companies, though its complexity may vary depending on the transaction size and nature. This document type must comply with New Zealand's corporate law framework, particularly the Companies Act 1993, Financial Markets Conduct Act 2013, and relevant tax legislation. The agreement typically includes detailed provisions about the transaction structure, purchase price calculations, warranty protections, indemnities, and completion mechanics. It's particularly important in mergers and acquisitions, corporate restructuring, and succession planning scenarios.
