Document background
The Agreement To Sell Shares is a fundamental transaction document used in the Netherlands for implementing share transfers between parties. It is typically employed when a shareholder (individual or corporate) wishes to sell their shareholding in a company to another party. The agreement must comply with Dutch corporate law requirements, particularly those set out in the Dutch Civil Code (Burgerlijk Wetboek). This document is essential for both private and public company transactions, though public company transfers may require additional regulatory considerations. The agreement includes crucial elements such as the precise identification of the shares being transferred, purchase price and payment terms, warranties about the company's condition, pre-completion obligations, and completion mechanics. It serves as the primary document protecting both parties' interests in the transaction and establishing their respective rights and obligations.
