Document background
A Shareholder Transfer Agreement is a crucial document used when transferring ownership of shares in a New Zealand company from one party to another. This document is essential for both private and public companies, though the complexity may vary depending on the size of the shareholding and nature of the business. The agreement must comply with New Zealand's Companies Act 1993 and other relevant legislation, including potential overseas investment regulations if foreign investors are involved. It typically includes details of the shares being transferred, purchase price, payment terms, warranties, representations, and completion mechanics. The document may also need to address pre-emptive rights of existing shareholders, board approval requirements, and any specific conditions precedent to the transfer. This type of agreement is particularly important for maintaining clear records of ownership changes and ensuring all regulatory and corporate governance requirements are met.
