Document background
The Business Buy And Sell Agreement is a crucial legal document used in Irish business transactions when one party wishes to sell their business and another party intends to purchase it. This agreement is essential for both asset sales and share transfers, providing a comprehensive framework for the transaction under Irish law. It addresses key aspects such as asset valuation, purchase price mechanics, warranties and indemnities, employee transfers, and regulatory compliance. The document is particularly important as it needs to comply with various Irish legislative requirements, including the Companies Act 2014, tax regulations, and employment law. It serves as the primary reference point for all parties involved in the transaction, documenting their rights, obligations, and the agreed terms of the business transfer. The agreement should be tailored to reflect specific circumstances such as industry regulations, size of the business, and whether the transaction triggers competition law considerations.
