Document background
The Agreement For Sale of Business is a crucial document used when transferring ownership of a business in the Netherlands, whether through an asset or share sale. This agreement is essential for documenting the terms and conditions of the transaction, protecting both parties' interests, and ensuring compliance with Dutch legal requirements. It includes detailed provisions on purchase price, assets, liabilities, employees, warranties, and post-completion obligations. The document must comply with Dutch law, particularly the Dutch Civil Code (Burgerlijk Wetboek), and address specific requirements such as works council rights and employee protections. It's typically used in M&A transactions, business restructuring, or succession planning, and requires careful consideration of various legal, financial, and operational aspects of the business transfer.
