Document background
The Business Sale Agreement is a fundamental transaction document used when one entity wishes to acquire another entity's business in Switzerland, whether through a share purchase or asset transfer. It is governed by Swiss law, particularly the Swiss Code of Obligations, and must comply with various Swiss regulatory requirements including employment law, data protection, and competition law. The agreement is typically used in both private and public company transactions and can be adapted for various business sizes and sectors. It contains detailed provisions covering the sale terms, purchase price mechanisms, warranties, indemnities, employee transfers, and post-completion obligations. The document is particularly important in the Swiss context due to specific local requirements regarding employee consultations, data protection, and transfer mechanics.
