Document background
The Sale Of Shares Agreement is a crucial document used in corporate acquisitions and business sales in Belgium. It serves as the primary transaction document when transferring ownership of a company through the sale of its shares. This agreement must comply with Belgian corporate law, particularly the Belgian Companies and Associations Code and relevant financial regulations. The document typically includes detailed provisions about the transaction structure, purchase price and payment terms, conditions precedent, warranties about the company's status and operations, tax matters, and completion mechanics. It's essential for both private and public company transactions, though requirements may vary depending on the company type and transaction size. The agreement requires careful consideration of Belgian-specific legal requirements, including notarial requirements for certain types of companies, mandatory language requirements, and specific corporate governance rules.
