Document background
The Shareholders Agreement And Share Purchase Agreement is a crucial document in Irish corporate law that serves two primary purposes: facilitating the transfer of shares and establishing the framework for shareholder relationships. It is typically used when new shareholders are entering a company or existing shareholders are restructuring their holdings. The document combines the immediate transaction aspects of share transfer (including price, payment terms, and warranties) with long-term governance provisions (such as shareholder rights, company management, and exit mechanisms). This dual-purpose agreement is particularly important in private companies where shares are not freely transferable and shareholder relationships need careful regulation. Under Irish law, it must comply with the Companies Act 2014 and related legislation, while also addressing specific requirements for share transfers, including stamp duty considerations and corporate governance standards.
