Document background
The Share Sale and Purchase Agreement is a fundamental document in corporate acquisitions under Danish law, used when transferring ownership of a company through the sale of its shares. This agreement is essential for both private and public company transactions, though its specific terms may vary depending on the size and complexity of the deal. The document serves multiple purposes: it defines the exact terms of the transaction, allocates risk between parties, provides protection mechanisms for both buyer and seller, and ensures compliance with Danish corporate law and relevant EU regulations. It includes crucial elements such as purchase price mechanisms, warranties about the target company's condition, indemnities, conditions precedent, and completion procedures. The agreement should be tailored to address specific aspects of Danish law, including requirements under the Danish Companies Act (Selskabsloven) and other relevant legislation.
