Document background
The Shareholder Buyout Agreement is a crucial document used when one or more shareholders wish to exit a company by selling their shares to other shareholders or back to the company itself. This agreement, governed by Danish law, is particularly important in private companies and closely-held corporations where share transfers need to be carefully documented and controlled. It encompasses all essential elements of the transaction, including share valuation, payment terms, warranties, and post-completion obligations. The document ensures compliance with Danish corporate law requirements, particularly the Danish Companies Act (Selskabsloven), and includes necessary provisions for tax considerations and corporate governance. It's commonly used in situations such as retirement of founding shareholders, resolution of shareholder disputes, or strategic restructuring of company ownership, and can be adapted to accommodate various transaction structures while maintaining legal compliance with Danish jurisdiction requirements.
