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Business Acquisition Agreement
"I need a Business Acquisition Agreement for the purchase of a Philippine manufacturing company, where we're acquiring 100% of the shares from a Singapore-based seller, with closing expected in March 2025 and including post-closing employment agreements for key management."
1. Parties: Identifies and provides full legal details of the buyer and seller
2. Background: Recites the context of the transaction and basic information about the target business
3. Definitions: Defines key terms used throughout the agreement
4. Sale and Purchase: Details the assets or shares being acquired and the basic transaction structure
5. Purchase Price: Specifies the consideration and payment terms, including any adjustments
6. Conditions Precedent: Lists conditions that must be satisfied before closing
7. Pre-Closing Covenants: Obligations of parties between signing and closing, including business conduct requirements
8. Closing: Details the closing process, timing, and deliverables
9. Representations and Warranties: Statements of fact and assurances from both parties, particularly the seller
10. Indemnification: Provisions for compensation in case of breaches or losses
11. Confidentiality: Obligations regarding confidential information
12. Post-Closing Covenants: Ongoing obligations after closing
13. Governing Law and Jurisdiction: Specifies Philippine law as governing law and jurisdiction for disputes
14. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Earnout Provisions: Include when part of purchase price is contingent on future performance
2. Employee Matters: Include when transaction involves transfer or retention of employees
3. Intellectual Property Rights: Include when IP assets are significant to the transaction
4. Real Property: Include when real estate assets are significant to the transaction
5. Environmental Matters: Include for businesses with environmental risks or compliance requirements
6. Competition Compliance: Include when transaction requires PCC approval
7. Tax Matters: Include when specific tax structuring or indemnities are required
8. Transition Services: Include when seller will provide post-closing operational support
1. Schedule of Assets: Detailed list of all assets being transferred
2. Schedule of Excluded Assets: List of assets explicitly excluded from the transaction
3. Schedule of Assumed Liabilities: Detailed list of liabilities being assumed by buyer
4. Schedule of Excluded Liabilities: List of liabilities explicitly excluded from assumption
5. Disclosure Schedule: Exceptions and qualifications to representations and warranties
6. Schedule of Key Contracts: List of material contracts being transferred
7. Schedule of Intellectual Property: List of IP rights being transferred
8. Schedule of Employees: List of employees and their key employment terms
9. Schedule of Required Consents: List of third-party consents needed for the transaction
10. Form of Closing Certificate: Template for closing certificates
11. Form of Transfer Instruments: Templates for documents effecting the transfer
Authors
Adjustment Amount
Affiliate
Agreement
Applicable Law
Approved Jurisdiction
Assets
Assumed Liabilities
Balance Sheet
Balance Sheet Date
Base Purchase Price
Business
Business Day
Buyer
Claim
Closing
Closing Date
Closing Payment
Company
Competition Act
Completion
Confidential Information
Consideration
Contract
Control
Data Protection Laws
Deed of Assignment
Disclosed
Disclosure Letter
Effective Date
Employees
Encumbrance
Environmental Laws
Environmental Permits
Escrow Account
Escrow Agent
Escrow Agreement
Event
Excluded Assets
Excluded Liabilities
Financial Statements
Governmental Authority
Group
Guarantee
Guarantor
Indemnified Party
Indemnifying Party
Intellectual Property Rights
Interim Period
Knowledge
Law
Leased Properties
Liabilities
License
Long Stop Date
Loss
Material Adverse Change
Material Contracts
Net Working Capital
Notice
Ordinary Course of Business
Owned Properties
Party/Parties
Permits
Permitted Encumbrances
Person
Philippine Competition Commission
PHP
Purchase Price
Real Property
Related Party
Representatives
Retained Records
SEC
Securities
Security Interest
Seller
Seller Group
Seller's Warranties
Share Capital
Shares
Subsidiary
Target Company
Tax
Tax Authority
Tax Return
Third Party
Transaction
Transaction Documents
Transfer
Transferred Employees
USD
VAT
Working Capital
Definitions and Interpretation
Sale and Purchase
Purchase Price
Purchase Price Adjustment
Payment Terms
Conditions Precedent
Pre-Closing Covenants
Closing Mechanics
Post-Closing Covenants
Representations and Warranties
Seller Warranties
Buyer Warranties
Tax Matters
Employee Matters
Intellectual Property
Real Property
Environmental Matters
Compliance with Laws
Competition Law Compliance
Foreign Investment Compliance
Confidentiality
Data Protection
Non-Competition
Non-Solicitation
Indemnification
Limitation of Liability
Force Majeure
Insurance
Assignment
Third Party Rights
Further Assurance
Notices
Costs and Expenses
Entire Agreement
Amendments
Severability
Waiver
Governing Law
Dispute Resolution
Counterparts
Language
Termination
Survival
Regulatory Compliance
Anti-Corruption
Anti-Money Laundering
Authority and Capacity
Business Conduct
Change of Control
Contract Novation
Due Diligence
Financial Statements
Material Contracts
Public Announcements
Record Retention
Transition Services
Manufacturing
Technology
Retail
Real Estate
Financial Services
Healthcare
Agriculture
Energy
Telecommunications
Transportation and Logistics
Mining and Natural Resources
Professional Services
Consumer Goods
Entertainment and Media
Legal
Finance
Corporate Development
Mergers & Acquisitions
Strategy
Compliance
Risk Management
Due Diligence
Integration
Executive Leadership
Chief Executive Officer
Chief Financial Officer
Chief Legal Officer
Corporate Secretary
Managing Director
Business Development Director
Mergers & Acquisitions Manager
Legal Counsel
Finance Director
Investment Manager
Due Diligence Manager
Integration Manager
Risk Manager
Compliance Officer
Strategy Director
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