Document background
The Company Acquisition Contract is a fundamental transaction document used in corporate acquisitions in Australia. It is employed when one company (the buyer) seeks to acquire another company (the target) through either a share purchase from existing shareholders or an asset purchase from the company itself. The document must comply with Australian corporate law requirements, including the Corporations Act 2001, and may require additional regulatory approvals depending on transaction size and nature. The contract typically includes detailed provisions on purchase price mechanisms, conditions precedent, warranties and indemnities, pre-completion obligations, and completion procedures. It is crucial for documenting the agreed terms between parties and managing transaction risks in the Australian legal context.
