Shareholder Buyout Agreement Template for Ireland

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Shareholder Buyout Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Shareholder Buyout Agreement

"I need a Shareholder Buyout Agreement for our Irish tech startup where two founding shareholders are selling their combined 30% stake to the company by March 2025, with payment structured in three installments."

Document background
The Shareholder Buyout Agreement is a crucial document used when existing shareholders wish to exit a company or reduce their shareholding, whether due to retirement, strategic realignment, or resolution of shareholder disputes. Under Irish law, this agreement must comply with the Companies Act 2014 and related legislation, ensuring proper transfer of shares and protection of all parties' interests. The document typically includes detailed provisions on share valuation, payment terms, warranties, and tax implications. It's particularly important in private companies, family businesses, and situations involving minority shareholder exits. The agreement should address potential complications such as ongoing business relationships, non-compete provisions, and future dividend rights. This comprehensive document serves as both a record of the transaction and a roadmap for completion of the share transfer.
Suggested Sections

1. Parties: Identification of the selling shareholder(s), purchasing shareholder(s) or company, and the company whose shares are being sold

2. Background: Context of the buyout, including current shareholding structure and reason for the buyout

3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation

4. Sale and Purchase of Shares: Core transaction terms including number of shares, class of shares, and purchase price

5. Purchase Price and Payment Terms: Detailed breakdown of consideration, payment method, and timing

6. Completion: Requirements and mechanics for completing the transaction, including timing and location

7. Seller's Warranties: Warranties regarding share ownership, authority to sell, and company-related warranties

8. Buyer's Warranties: Warranties regarding authority to purchase and ability to pay

9. Pre-Completion Obligations: Obligations of all parties between signing and completion

10. Confidentiality: Provisions regarding confidential information and announcements

11. Tax Matters: Tax-related provisions, indemnities, and obligations

12. Governing Law and Jurisdiction: Specification of Irish law as governing law and jurisdiction for disputes

Optional Sections

1. Earn-out Provisions: Used when part of the purchase price is contingent on future performance

2. Non-Compete Obligations: Required when selling shareholders need to be restricted from competing post-completion

3. Continuing Employment: Needed when selling shareholder is also an employee/director who will remain with the company

4. Dividend Rights: Required when addressing pre-completion dividend entitlements

5. Bank Consent: Necessary when company has existing banking facilities requiring consent for ownership changes

6. Tag-Along/Drag-Along Rights: Required when other shareholders retain rights affecting the transaction

7. Share Valuation Mechanism: Used when purchase price needs to be determined through a specific valuation process

8. Dispute Resolution: Alternative dispute resolution mechanisms if preferred over court proceedings

Suggested Schedules

1. Details of the Shares: Detailed description of shares being transferred including share certificates numbers and share class rights

2. Company Information: Key company details including corporate information, subsidiaries, and material contracts

3. Completion Requirements: Checklist of documents and actions required for completion

4. Warranties: Detailed warranties given by the seller regarding the company and shares

5. Form of Share Transfer Form: Pro-forma share transfer documentation required under Irish law

6. Board Resolution: Pro-forma board resolutions approving the share transfer

7. Deed of Resignation: Pro-forma resignation letters for any selling shareholders leaving board positions

8. Tax Covenant: Detailed tax indemnity provisions and procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Professional Services

Manufacturing

Technology

Retail

Family Business

Healthcare

Real Estate

Financial Services

Construction

Hospitality

Agriculture

Transportation

Media and Entertainment

Relevant Teams

Legal

Finance

Corporate Governance

Board of Directors

Executive Management

Tax

Compliance

Corporate Affairs

Treasury

Risk Management

Relevant Roles

Chief Executive Officer

Managing Director

Company Secretary

Chief Financial Officer

Corporate Lawyer

Legal Counsel

Finance Director

Board Director

Shareholder

Corporate Governance Officer

Tax Director

Compliance Officer

Business Development Director

Commercial Director

Operations Director

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Purchase And Sale Agreement Commercial (Real Estate)

An Irish law-governed agreement for the sale and purchase of commercial real estate, detailing all terms and conditions of the property transfer.

find out more

Agreement To Purchase Property

An Irish law-governed agreement setting out terms and conditions for the sale and purchase of real property in Ireland.

find out more

Agreement To Purchase Business

An Irish law-governed agreement setting out terms and conditions for the purchase and sale of an existing business, including all key transaction elements.

find out more

Shop Sales Agreement

An Irish law-governed agreement establishing terms and conditions for retail sales transactions between shops and their customers.

find out more

Agreement For Purchase Of Goods

An Irish law-governed agreement setting out terms and conditions for the purchase and sale of goods between commercial parties.

find out more

Sell And Purchase Agreement

An Irish law-governed agreement documenting the terms and conditions of a sale and purchase transaction, including asset transfer, pricing, warranties, and completion conditions.

find out more

Sale And Purchase Agreement Of Shares

An Irish law-governed agreement documenting the terms and conditions for the sale and purchase of shares in a company, including price, warranties, and completion mechanics.

find out more

House Selling Agreement

An Irish law-governed agreement for the sale and purchase of residential property, detailing transaction terms and parties' obligations.

find out more

Mobile Home Sales Contract

An Irish law-governed contract for the sale and purchase of a mobile home, outlining terms, conditions, and obligations of all parties involved.

find out more

Cross Purchase Agreement

An Irish law-governed agreement establishing mutual obligations between shareholders to purchase each other's shares upon specified triggering events.

find out more

Real Property Sales Agreement

An Irish law-governed agreement for the sale and purchase of real estate property, outlining terms, conditions, and requirements for property transfer in Ireland.

find out more

Standard Real Estate Purchase Agreement

An Irish law-governed agreement for the sale and purchase of real estate property, containing all essential terms and conditions for property transfer.

find out more

Simple Agreement Of Sale

An Irish law-governed agreement documenting the basic terms and conditions for the sale of goods between a seller and buyer.

find out more

Standard Agreement Of Sale

An Irish law-governed agreement that documents the terms and conditions for the sale of goods, assets, or property between a seller and buyer.

find out more

Car Sale Installment Agreement

An Irish law-governed agreement for the sale of a vehicle with payment in installments, incorporating consumer credit provisions and automotive regulations.

find out more

Offer And Agreement To Purchase

An Irish law-governed document formalizing a property purchase offer and, upon acceptance, establishing the terms of sale.

find out more

Sell Buy Back Agreement

An Irish law-governed agreement for the sale and subsequent repurchase of securities, incorporating regulatory requirements and risk management provisions.

find out more

Sell And Buy Back Agreement

Irish law-governed agreement for securities sale with repurchase commitment, combining sale and financing elements under Irish and EU regulatory framework.

find out more

Shareholder Buyout Agreement

An Irish law-governed agreement for the purchase of shares from existing shareholder(s) by the company or other shareholders, including terms of transfer and statutory compliance requirements.

find out more

Residential Real Estate Purchase Contract

An Irish law-governed contract for the sale and purchase of residential property, detailing terms, conditions, and obligations of both vendor and purchaser.

find out more

Buy And Sale Agreement

An Irish law-governed agreement documenting the terms and conditions for the sale and purchase of assets, property, or business interests between parties.

find out more

Agreement Of Sale Contract

An Irish law-governed contract documenting the terms and conditions for the sale and purchase of goods, property, or assets between parties.

find out more

Buyout Agreement

An Irish law-governed agreement documenting the terms and conditions for the purchase and sale of a business, including all relevant transfer provisions and warranties.

find out more

Buy And Sell Contract

An Irish law-governed agreement facilitating the sale and purchase of goods or assets between parties, defining terms, conditions, and mutual obligations.

find out more

Partnership Buyout Agreement

An Irish law agreement governing the purchase of a partner's interest by remaining partners or the partnership, including terms, conditions, and regulatory compliance requirements.

find out more

Asset Purchase And Sale Agreement

An Irish law-governed agreement for the sale and purchase of assets, detailing the terms, conditions, and obligations of the transaction.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.