Document background
The Share Acquisition Agreement is a fundamental document used in Canadian corporate transactions when one party wishes to acquire ownership of a company through the purchase of its shares. This agreement is essential for both private and public company transactions, though its specific requirements may vary depending on the nature of the shares being transferred and applicable provincial or federal regulations. The document typically includes detailed provisions about the purchase price, payment terms, representations and warranties, conditions precedent, and closing mechanics. It must comply with various Canadian legal frameworks, including the Canada Business Corporations Act, provincial securities legislation, and where applicable, the Competition Act and Investment Canada Act. The agreement serves as the cornerstone document in share acquisition transactions, protecting both buyers and sellers while ensuring regulatory compliance.
