Document background
The Transfer of Shares Agreement is a fundamental document used in Belgian corporate transactions to formalize the sale and purchase of company shares. It is essential when transferring ownership in private and public companies, though specific requirements may vary. The agreement must comply with the Belgian Code of Companies and Associations and consider tax implications, corporate governance requirements, and financial regulations. This document is particularly important as it not only transfers legal ownership but also establishes the rights and obligations of both parties, including warranties about the company's condition, indemnities for potential liabilities, and mechanisms for price adjustments. It requires careful consideration of Belgian corporate law requirements, including specific formalities for share transfers, and often involves coordination with notaries for certain types of companies.
