Share purchase agreement—employment warranties
Share purchase agreement—employment warranties

The following Employment precedent provides comprehensive and up to date legal information covering:

  • Share purchase agreement—employment warranties

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: Brexit and IP completion day—implications for employment lawyers.

    1. 1

      Definitions

      1. 1.1

        [Insert the following additional definitions into the definitions clause of the Share purchase agreement (if required)]

        Accounts Date

        1. [insert day and month] 20 [insert year];

        [Business Day

        1. a day, other than a Saturday, Sunday or public holiday, on which clearing banks are open for non-automated commercial business in the City of London and Business Days means more than one of them; ]

        Buyer

        1. [insert name of purchasing corporate entity] incorporated in [England and Wales OR [insert country of incorporation] OR with registered number [insert company number] whose registered office is at [insert address];

        [CA 2006

        1. the Companies Act 2006;]

        [Company

        1. [insert company name] Limited (company registration number [insert company number])[ further details of which are set out in [insert description]];]

        [Completion

        1. completion of the matters described in this Agreement (including the sale and purchase of the Sale Shares) by the performance by the Parties

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