Document background
The Sell And Buy Agreement is a crucial legal document used in Irish commercial transactions to formalize the transfer of assets, shares, or businesses between parties. It is particularly relevant when significant value is being transferred and detailed terms need to be documented. The agreement should be used whenever there is a sale of substantial assets, a business, or shares, where parties need to clearly define their rights and obligations, document warranties and indemnities, and establish completion mechanics. Under Irish law, this agreement must comply with various legislation including the Sale of Goods Act, Consumer Protection Act, and other relevant statutes. The document typically includes detailed provisions about the subject matter of the sale, purchase price, payment terms, conditions precedent, warranties, and post-completion obligations.
