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Share Sale And Purchase Agreement
"I need a Share Sale and Purchase Agreement under Philippine law for the acquisition of 60% shares in a technology company, with provisions for foreign ownership compliance and an earn-out mechanism based on 2025 performance targets."
1. Parties: Identification of the seller(s), buyer(s) and the target company
2. Background: Context of the transaction and brief description of the target company
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. Sale and Purchase: Core transaction terms including the shares being sold and purchase price
5. Consideration: Details of the purchase price, payment terms, and any price adjustment mechanisms
6. Conditions Precedent: Conditions that must be satisfied before completion can occur
7. Pre-Completion Obligations: Obligations of parties between signing and completion, including conduct of business requirements
8. Completion: Mechanics of completion, including timing, location, and actions required
9. Warranties: Seller's warranties regarding the shares, target company, and business
10. Limitations on Liability: Limitations on warranty claims and general liability caps
11. Tax Matters: Tax-related provisions, including tax warranties, indemnities, and compliance requirements
12. Confidentiality: Obligations regarding confidential information and announcements
13. Further Assurance: Obligations to take further actions necessary to give effect to the agreement
14. Notices: Process and requirements for giving notices under the agreement
15. General Provisions: Standard boilerplate provisions including governing law, assignment, and amendments
1. Escrow Arrangements: Required when part of the consideration is held in escrow as security for warranty claims or indemnities
2. Non-Competition and Non-Solicitation: Included when restrictions on seller's future activities are required
3. Management and Employee Matters: Needed when there are specific arrangements for key employees or management retention
4. Regulatory Compliance: Required for regulated industries or when specific regulatory approvals are needed
5. Earn-out Provisions: Included when part of the consideration is contingent on future performance
6. Break Fee: Used when parties want to specify compensation for failure to complete
7. Transitional Services: Required when seller needs to provide continued services post-completion
8. Multiple Sellers Provisions: Required when there are multiple sellers to address joint and several liability
1. Details of the Shares: Complete description of shares being transferred including share certificates
2. Purchase Price Calculation: Detailed methodology for calculating the final purchase price including adjustments
3. Warranties: Detailed warranties regarding the business, assets, and liabilities
4. Properties: List and details of all real property owned or leased by the target company
5. Material Contracts: List and copies of all material contracts of the target company
6. Intellectual Property: Details of all IP owned or licensed by the target company
7. Employee Information: Details of employees, benefits, and employment agreements
8. Completion Obligations: Detailed list of documents and actions required at completion
9. Permitted Leakage: List of permitted payments or value extractions in locked box deals
10. Data Room Index: Index of all documents disclosed in due diligence
Authors
Financial Services
Manufacturing
Technology
Real Estate
Retail
Healthcare
Energy
Transportation
Telecommunications
Mining
Agriculture
Education
Construction
Tourism
Media and Entertainment
Legal
Finance
Corporate Development
Mergers & Acquisitions
Tax
Compliance
Corporate Secretarial
Due Diligence
Business Development
Investment
Executive Leadership
Risk Management
Treasury
Chief Executive Officer
Chief Financial Officer
Corporate Secretary
General Counsel
Legal Director
Corporate Lawyer
Investment Banker
M&A Director
Finance Director
Tax Director
Compliance Officer
Business Development Director
Corporate Development Manager
Investment Manager
Transaction Advisory Manager
Due Diligence Manager
Board Member
Managing Director
Private Equity Manager
Venture Capital Manager
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