Fill in the details of the parties. You can click the "Fill with Member’s Information" button to complete it with information saved to your account.
Please fill in any additional information by following the step-by-step guide on the left hand side of the preview document and click the "Next" button.
When you are done, click the "Get Document" button and you can download the document in Word or PDF format.
Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document.
A company acquisition agreement between a Buyer and 2 Sellers with no guarantor. The warranties are included in another template. This agreement is drafted in favour of the Sellers.
The Company is a company limited by shares. The Seller is the legal and beneficial owner of the Shares in the Company. The Sellers have agreed to sell all of the Shares to the Buyer for the consideration and upon the terms set out in this Agreement.
The Sellers agree to sell (or procure the sale of) the Shares and the Buyer agrees to purchase the Shares with effect from the close of business on completion date. The Shares shall be sold free from all security interests, options, equities, claims or other third party rights (including, without limitation, rights of pre-emption) of any nature whatsoever, together with all rights attaching to them including, without limitation, the right to receive all dividends and other distributions declared, made or paid on or after completion.
The total price payable by the Buyer to the Sellers for the Shares shall be the sum of amount, which shall be paid in cash on Completion, or to be satisfied by the allotment by the Buyer to the Sellers of ordinary shares credited as fully paid in the capital of the Buyer. The Consideration Shares shall rank pari passu with the existing ordinary shares of in the capital of the Buyer.
This document should be carefully read by the Buyer and Seller.
If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.