What Is a Secondary Sale?
Are you a founder looking to take some risk off the table, without a liquidation event in sight? Have you got ample equity and want to cash in on your hard work? If so, it might be time for a…
How Do I Find a Buyer For a Share Sale?
Finding a buyer for a share sale can be a difficult and challenging process. A share sale is a different process than an asset sale (which involves a transfer of assets from one entity to another). This is because it…
How Do I Transfer Shares?
Transferring shares is when a shareholder in the company sells their shares to an existing shareholder or third party. Shareholders transfer shares for three reasons, such as: if they no longer want to own shares in the company; reduce the…
Limiting Seller Warranties in a Business Share Sale Agreement
When you are selling shares in your business, the buyer will want you to provide warranties to guarantee the value of the shares. Seller warranties (also known as vendor warranties) are promises you make about the shares. For example, that you…
What Are The Key Terms of a Share Sale Agreement?
When buying or selling shares in a private company it is important to enter into a share sale agreement to protect your interests. The share sale agreement sets out each party’s legal rights and obligations. The buyer can further reduce…
Cheers! Maggie Beer and What you Need for a Share Sale
Maggie Beer, the doyen of duck liver pate and vendor of verjuice, recently sold a minority stake in the business she began in 1979. The buyer, Primary Opinion Limited, paid $15 million for the minority share as part of a…
What Documents Do I Need When Purchasing a Company’s Shares?
Taking over a company and business by purchasing its shares (instead of purchasing the assets) can lead to an easier transition. This is because the essential contracts with customers, suppliers and employees will stay in place. However, there are risks.…
What needs to be covered in a Share Sale Agreement? – Part 2
In Part 1 of this series, we looked at: the basic items which are covered in a share sale agreement; each party’s obligations; and when to use a non-disparagement clause. In Part 2, we look at other important items in…
What warranties should a vendor make in a Share Sale Agreement?
Are you looking to purchase someone else’s shares? Has the vendor drafted a share sale agreement for you to sign? Before you sign the share sale agreement, you should have a corporate lawyer review the document carefully to ensure that…
What warranties should a purchaser make in a Share Sale Agreement?
Are you a shareholder of a company? Are you looking to sell your shares? If you answered yes to both questions, read on! This article will explore the types of warranties that should appear in a Share Sale Agreement from a…
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