Document background
The Business Share Purchase Agreement is a fundamental document used in corporate acquisitions under Belgian law when one entity wishes to acquire ownership of another company through the purchase of its shares. This agreement is essential for transactions ranging from small private company acquisitions to large corporate deals, providing a legally binding framework that ensures compliance with Belgian corporate law, particularly the Companies and Associations Code. The document comprehensively addresses all aspects of the share transfer, including detailed warranties about the target company's condition, price adjustment mechanisms, liability provisions, and specific Belgian regulatory requirements. It's typically prepared following extensive due diligence and negotiations, often involving legal counsel, financial advisors, and tax specialists to ensure all Belgian legal and regulatory requirements are met. The agreement serves as the cornerstone document protecting both parties' interests throughout the transaction and beyond completion.
