Document background
An Equity Purchase Agreement is the primary transaction document used when acquiring shares or equity interests in a company under Irish law. It is essential for both private and public company transactions, though specific requirements may vary. The agreement comprehensively documents all aspects of the share purchase transaction, including the precise terms of sale, purchase price mechanisms, warranties and indemnities, conditions precedent, and completion requirements. It is particularly important in Irish corporate transactions as it must comply with the Companies Act 2014 and other relevant legislation, while also addressing specific commercial requirements of the parties involved. The document is typically preceded by heads of terms or a letter of intent, and its execution often triggers various regulatory notifications and approval requirements, particularly in regulated sectors or larger transactions requiring competition clearance.
