Company purchase agreement: simple cash deal
- Solicitor approved
- Plain English makes editing easy
- Guidance notes included
- Money back guarantee
About this document
This is an agreement for a simple sale and purchase of a private limited company. The deal is for full payment to be transferred on the day that share ownership is changed.
There are no provisions here for conditional payment depending on future performance, for transfer of leases for business premises, or for dealing with subsidiaries.
The business of the company is not important to this document. It could provide services to other businesses, or import and sell goods to consumers. This document deals with the sale of shares.
We include many optional warranties that are designed to protect a buyer with imperfect information about the state of the business. If you are the buyer, you should leave these in place where relevant because they give you protection against having not been told something that affects the value. If you are the seller, you may want to remove some of these so as to leave fewer points on which a buyer may subsequently come back and claim that you failed to disclose material information.
We also provide an example disclosure letter. We have provided a format as an indication of how such a letter works and a style you could use. We leave the detailed wording for you to add.
The 69 individual warranties in this document are grouped into sections relating to:
- No damaging effect of this agreement
- Company structure and operation
- Trading and contracts
- Intellectual property
- Information technology
The agreement complies with the requirements of the Companies Act 1993.
Other similar documents
If the business (or part of the business) is being sold, rather than the shares of the whole company, then you should use one of our business sale agreements. These deal with the sale of assets.
If you are only selling or buying some of the shares in the company, and not acquiring all of it, then one of these agreements should be used.
- Agreement for sale
- Purchase price
- Completion of the deal and delivery of documents
- Warranties applicability
- Restrictive agreement to prevent the seller from competing immediately after sale
- Seller's protection provisions
- Buyer's acknowledgement of inspection
- Guarantee provisions
This document was written by a solicitor for Net Lawman. It complies with current New Zealand law.
"I have found Net Lawman perfect for my needs and saved me thousand of dollars in legal fees getting a lawyer to produce these douc's from scratch. I have used three of the Net Lawman doc's to basically write up the NDA, contract, Non Solicitation agreements to a level of being 95% complete and then used my lawyer to sign off. My lawyer even commented how complete these doc's are.
Thanks guys, great service/product.
Cheers Dean"Dean Harper
"I have found the product exactly what I wanted and the notes helpful - as well as it being easy to locate, buy and download. There should be a better way of making your product more widely known. I have recently had experience of a tailor-made lease and this left a lot to be desired - whereas your product is well researched and ticks all the boxes."Ted
"I found the documents easy to use and great value. I feel the service is easy to use and good value for money"Sean McNicholas