Document background
The Business Sale Agreement is a fundamental transaction document used when one entity wishes to acquire another business in Denmark, either through an asset purchase or share transfer. This comprehensive agreement is essential for documenting the terms of the sale, protecting both parties' interests, and ensuring compliance with Danish legal requirements. It becomes necessary when businesses undergo ownership changes, mergers, or restructuring, and must incorporate specific provisions required under Danish law, including the Danish Companies Act, employment regulations, and tax considerations. The document typically includes detailed sections covering purchase price mechanisms, warranties, indemnities, employee transfers, and post-completion obligations. It serves as the primary reference point for the transaction and subsequent obligations of all parties involved.
