Document background
A Conditional Share Purchase Agreement is a fundamental document in corporate transactions under English and Welsh law, used when parties wish to agree to the sale and purchase of shares subject to specific conditions being fulfilled. These conditions typically include regulatory approvals, third-party consents, or specific performance targets. The agreement provides comprehensive protection for both parties by clearly defining the conditions precedent, purchase price mechanics, warranties, and completion requirements. It is particularly useful in complex transactions where immediate completion is not possible or desirable due to external factors or specific requirements that must first be satisfied.
