Document background
The Partnership Interest Purchase Agreement is a crucial document used when transferring ownership interests in German partnerships, whether they are general partnerships (oHG), limited partnerships (KG), or professional partnerships. This agreement is essential for documenting the legal and commercial terms of the transfer, ensuring compliance with German partnership law, commercial law (HGB), and civil code (BGB) requirements. It's particularly important as partnership transfers in Germany often require specific formalities, including notarization and regulatory approvals. The document typically includes detailed provisions on purchase price, warranties, pre- and post-completion obligations, and various regulatory compliance matters. It's commonly used in business succession planning, strategic investments, or restructuring scenarios, and must carefully address German-specific legal requirements such as partner consent rights, competition law compliance, and tax implications.
