Document background
A Transfer of Shares Agreement is a crucial legal document used when transferring ownership of shares in a company from one party to another under Danish jurisdiction. This document is essential for both private and public companies, though the specific requirements may vary. The agreement must comply with Danish corporate law, particularly the Danish Companies Act (Selskabsloven), and typically includes detailed provisions about the transfer price, payment terms, warranties, representations, and conditions precedent. It's commonly used in various scenarios including company acquisitions, corporate restructuring, succession planning, or investment transactions. The document serves as official evidence of the transfer and helps prevent future disputes by clearly documenting the terms agreed upon by all parties. It should be drafted with consideration of Danish tax implications and may require registration with relevant authorities.
