Company purchase agreement
- Length:23 pages (6500 words)
- Available in:Microsoft Word DOCXApple PagesRTF
If the document isn’t right for your circumstances for any reason, just tell us and we’ll refund you in full immediately.
We avoid legal terminology unless necessary. Plain English makes our documents easy to understand, easy to edit and more likely to be accepted.
You don’t need legal knowledge to use our documents. We explain what to edit and how in the guidance notes included at the end of the document.
We offer free support by email in respect of editing the document. You can also use our Document Review Service if you want to our legal team to check that the document will do as you intend.
Our documents comply with the latest relevant law. Our lawyers regularly review how new law affects each document in our library.
About this document
This is an agreement for a simple sale and purchase of a private limited company. The deal is for full payment to be transferred on the day that share ownership is changed.
There are no provisions here for conditional payment depending on future performance, for transfer of leases for business premises, or for dealing with subsidiaries.
The business of the company is not important to this document. It could provide services to other businesses, or import and sell goods to consumers. This document deals with the sale of shares.
We include many optional warranties that are designed to protect a buyer with imperfect information about the state of the business. If you are the buyer, you should leave these in place where relevant because they give you protection against having not been told something that affects the value. If you are the seller, you may want to remove some of these so as to leave fewer points on which a buyer may subsequently come back and claim that you failed to disclose material information.
We also provide an example disclosure letter. We have provided a format as an indication of how such a letter works and a style you could use. We leave the detailed wording for you to add.
The 71 individual warranties in this document are grouped into sections relating to:
- No damaging effect of this agreement
- Company structure and operation
- Trading and contracts
- Intellectual property
- Information technology
The agreement complies with the requirements of the Companies Act 2014.
Other similar documents
If the business (or part of the business) is being sold, rather than the shares of the whole company, then you should use one of our business sale agreements. These deal with the sale of assets.
If you are only selling or buying some of the shares in the company, and not acquiring all of it, then one of these agreements should be used.
- Agreement for sale
- Purchase price
- Completion of the deal and delivery of documents
- Warranties applicability
- Restrictive agreement to prevent the seller from competing immediately after sale
- Seller's protection provisions
- Buyer's acknowledgement of inspection
- Guarantee provisions