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Business Purchase Agreement
1. Parties: Identification of the seller and purchaser, including full legal names, registration numbers, and registered addresses
2. Background: Context of the transaction, brief description of the business, and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core transaction terms including what is being sold (shares/assets), the agreement to sell and purchase
5. Purchase Price: Specification 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 both 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 business, assets, and liabilities
10. Limitations on Seller's Liability: Limitations on warranty claims and other liability restrictions
11. Tax Covenants: Provisions dealing with tax matters and allocations of tax liabilities
12. Confidentiality: Obligations regarding confidential information and announcements
13. Non-Competition: Restrictions on seller's competing activities post-completion
14. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
15. General Provisions: Standard boilerplate provisions including notices, amendments, and severability
1. Earn-out Provisions: Used when part of the purchase price is contingent on future performance
2. Employee Matters: Detailed provisions about employee transfers and obligations, used when employees are a significant consideration
3. Real Estate: Specific provisions for real estate transfers, used when property is a material part of the business
4. Intellectual Property: Detailed IP provisions, used when IP is a significant business asset
5. Environmental Matters: Used for businesses with significant environmental aspects or risks
6. Bank Financing: Used when the purchase is dependent on third-party financing
7. Transitional Services: Used when the seller will provide services to the business post-completion
8. Data Protection: Detailed GDPR compliance provisions, used when personal data processing is significant
1. Schedule 1 - The Business: Detailed description of the business being sold, including all assets, contracts, and employees
2. Schedule 2 - Properties: Details of all real estate owned or leased by the business
3. Schedule 3 - Intellectual Property: List of all IP rights owned or used by the business
4. Schedule 4 - Employees: List of all employees and their key employment terms
5. Schedule 5 - Material Contracts: List and copies of all material business contracts
6. Schedule 6 - Warranties: Detailed warranties given by the seller
7. Schedule 7 - Completion Requirements: Detailed list of completion deliverables and requirements
8. Schedule 8 - Excluded Assets: List of assets explicitly excluded from the sale
9. Schedule 9 - Permitted Encumbrances: List of permitted liens and encumbrances on business assets
10. Schedule 10 - Data Room Index: Index of all due diligence materials provided
Authors
Accounts Date
Adjustment Amount
Affiliate
Agreed Form
Assets
Business
Business Day
Business Information
Business Intellectual Property
Claim
Company
Completion
Completion Date
Completion Payment
Confidential Information
Consideration
Data Protection Laws
Data Room
Disclosed
Due Diligence Reports
Earn-out Period
Employees
Encumbrance
Environment
Environmental Laws
Environmental Permits
Excluded Assets
Financial Statements
Governmental Authority
Group
Intellectual Property Rights
Key Contracts
Key Employees
Leased Properties
Liabilities
Long Stop Date
Loss
Management Accounts
Material Adverse Change
Material Contracts
Net Working Capital
Owned Properties
Permits
Permitted Encumbrances
Properties
Purchase Price
Purchaser
Purchaser's Group
Relevant Authority
Seller
Seller's Group
Seller's Knowledge
Seller's Warranties
Share Capital
Shares
Signing Date
Subsidiary
Tax
Tax Authority
Tax Claim
Tax Covenant
Tax Return
Tax Warranties
Transaction
Transaction Documents
Transfer Regulations
Transitional Services
Vendor Due Diligence Reports
Warranties
Working Capital
Purchase Price
Payment Terms
Price Adjustment
Conditions Precedent
Pre-Completion Covenants
Completion Mechanics
Post-Completion Obligations
Warranties
Fundamental Warranties
Business Warranties
Tax Warranties
Environmental Warranties
Warranty Limitations
Tax Covenants
Indemnities
Non-Competition
Non-Solicitation
Confidentiality
Employee Matters
Intellectual Property
Property Transfer
Asset Transfer
Liabilities Assignment
Contract Assignment
Environmental Compliance
Regulatory Compliance
Data Protection
Insurance
Power and Authority
Signing Authority
Further Assurance
Announcements
Notices
Assignment
Costs
Entire Agreement
Amendments
Severability
Third Party Rights
Force Majeure
Governing Law
Dispute Resolution
Jurisdiction
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