Document background
The Sell And Buy Agreement is a fundamental transaction document used in Swiss commercial practice for documenting the transfer of assets, shares, or business interests from one party to another. It is particularly important in Switzerland due to specific requirements under the Swiss Code of Obligations and related legislation. This document type is used when parties need to formally document the terms of a sale transaction, including detailed provisions on purchase price, payment mechanisms, warranties, and various conditions precedent. It can be adapted for different transaction sizes and complexities, from simple asset transfers to complex business acquisitions. The agreement typically requires careful consideration of Swiss corporate law, tax implications, and potentially competition law aspects, especially for larger transactions.
