Document background
The Share Sale and Purchase Agreement is a fundamental document used in corporate transactions involving the transfer of ownership in Irish companies through share acquisitions. This agreement is essential when one party wishes to acquire ownership of a company by purchasing its shares from existing shareholders. The document is structured to comply with Irish corporate law, including the Companies Act 2014 and relevant tax legislation. It contains detailed provisions covering the entire transaction process, from initial conditions precedent through to completion and post-completion obligations. The agreement typically includes comprehensive warranties about the target company's business, specific indemnities (particularly regarding tax matters), and precise mechanics for executing the transaction. It's commonly used in both private and public company acquisitions, though the complexity and specific provisions may vary depending on the transaction size and nature of the business being acquired.
