Document background
The Shareholder Sale Agreement is a crucial legal document used in New Zealand when existing shareholders wish to sell their shares to other parties, whether they are existing shareholders or new investors. This comprehensive agreement is essential for both private and public companies, ensuring compliance with New Zealand's Companies Act 1993, Financial Markets Conduct Act 2013, and other relevant legislation. It typically includes detailed provisions about the sale price, payment terms, warranties about the company's condition, and various protections for both parties. The document is particularly important in situations involving significant ownership changes, company restructuring, or exit strategies, and can be adapted to accommodate various transaction sizes and complexities. It provides a clear framework for the transfer process while protecting the interests of all parties involved.
