Document background
The Purchase Price Agreement is a fundamental commercial document used in Switzerland for documenting the sale and purchase of assets, properties, or businesses. This agreement type is essential when parties need to establish clear terms for a transaction's purchase price, payment structure, and related conditions. The document must comply with Swiss law, particularly the Code of Obligations (OR), and typically includes provisions for price adjustments, payment mechanics, and conditions precedent to closing. It's commonly used in both straightforward and complex transactions, from single asset purchases to elaborate corporate acquisitions. The Price Purchase Agreement serves as the primary document establishing the financial terms of the transaction and often works in conjunction with other transaction documents such as asset transfer agreements or share purchase agreements.
