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Why you need agreements for purchasing a business

SHARE PURCHASE AGREEMENTS

You will need a Share Purchase Agreement if you wish to purchase shares in a company to ensure once you have conducted due diligence that:

as purchaser you purchase unencumbered shares;
title to the shares, the company and any business assets passes on the completion date;
you obtain appropriate warranties and indemnities from the vendor.

If you are purchasing shares in a business you should also consider the need for a Shareholders' Deed.

If you are being issued with new shares by the Company and not buying shares from an existing shareholder you should consider the Share Subscription Agreement .

BUSINESS PURCHASE AGREEMENTS

You will need a Business Purchase Agreement to ensure once you have conducted due diligence and ascertained any risks involved with the business:

what you are buying is clearly documented;
all assets and liabilities are defined;
when the business is to be taken over and what conditions must be satisfied before you take over the business. For instance, obtaining finance, inspecting all records, contracts, intellectual property rights and receiving necessary licences.

Next, learn about the risks of not having appropriate documents in place.

Why you need agreements for purchasing a business Risks of not having purchase agreements Key Commercial Issues for buying a business About Due Diligence About Shareholders' Deeds About Share Subscription Agreements

Business Purchase Agreement Share Purchase Agreement Share Subscription Agreement Due Diligence Checklist Confidentiality Agreement for Buying/Selling a Business Shareholders' Deed

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