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1. Parties: Identification of the seller(s) and purchaser(s), including full legal names and addresses
2. Background: Context of the transaction, including description of the target company and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase of Shares: Core transaction terms including number of shares, purchase price, and payment terms
5. Conditions Precedent: Conditions that must be satisfied before completion of the transaction
6. Completion: Details of the completion process, timing, and deliverables
7. Seller's Warranties: Standard warranties regarding share ownership, company status, and business operations
8. Purchaser's Warranties: Basic warranties from the purchaser, including authority to enter into the agreement
9. Limitations on Liability: Limitations on the seller's liability under the warranties and indemnities
10. Confidentiality: Obligations regarding confidential information
11. Announcements: Provisions regarding public announcements about the transaction
12. Notices: Process for giving formal notices under the agreement
13. Governing Law and Jurisdiction: Confirmation of German law as governing law and jurisdiction for disputes
1. Earn-out Provisions: Used when part of the purchase price is contingent on future performance
2. Employee Matters: Required when specific arrangements for key employees or employee transfers are needed
3. Non-competition: Include when restrictions on seller's future competitive activities are required
4. Tax Covenant: Detailed tax provisions when specific tax risks need to be addressed
5. Regulatory Approvals: Required for transactions needing specific regulatory clearances
6. Transitional Services: Include when the seller will provide services to the target company post-completion
7. Break Fee: Used in larger transactions where compensation for failed completion is required
8. Material Adverse Change: Include for protection against significant negative changes before completion
1. Share Details: Detailed description of the shares being sold
2. Company Information: Key details about the target company including corporate information
3. Properties: List and details of company real estate and lease agreements
4. Material Contracts: List and summary of important commercial contracts
5. Intellectual Property: Schedule of IP rights owned or licensed by the company
6. Employees: List of employees and their key employment terms
7. Completion Deliverables: List of documents and actions required at completion
8. Warranties: Detailed warranties about the company and its business
9. Data Room Index: Index of documents disclosed during due diligence
10. Permitted Leakage: List of permitted value transfers in locked box transactions
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