Document background
The Business Purchase And Sale Agreement is a crucial document used in Switzerland for transferring ownership of a business from one entity to another. It is primarily used in scenarios where a complete business or substantial business assets are being sold, requiring compliance with Swiss legal framework, particularly the Swiss Code of Obligations. The document encompasses all aspects of the transaction, including asset transfer, employee rights protection, liability allocation, and regulatory compliance. It's essential for both private and public company transactions, incorporating specific Swiss requirements regarding business transfers, employment protection, and tax implications. The agreement serves as the primary transaction document, supported by various schedules and ancillary agreements, and requires careful consideration of Swiss merger control regulations, employment law, and commercial registry requirements.
