Document background
The Short Form Stock Purchase Agreement is designed for use in New Zealand when parties wish to execute a straightforward sale and purchase of company shares without the complexity of a full-scale share purchase agreement. This document is particularly suitable for transactions involving private companies, small to medium-sized enterprises, or situations where the parties have already conducted informal due diligence. It includes essential provisions required under New Zealand law while maintaining brevity and clarity. The agreement typically covers fundamental elements such as share details, purchase price, basic warranties, and completion mechanics, while complying with the Companies Act 1993 and other relevant New Zealand legislation. This format is most appropriate for transactions where the risks are well understood and where extensive warranties and indemnities are not required.
