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Company Acquisition Agreement - with No Guarantor

Buyer Form - 1 Seller

A company acquisition agreement between a Buyer and a Seller with no guarantor. The Seller's warranties are included in another template. This agreement is drafted in favour of the Buyer.

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Document Description

The Company Acquisition Agreement - with No Guarantor is a legal document that outlines the terms and conditions of the acquisition of a company. The agreement is entered into between the seller, who is the sole legal and beneficial owner of the share capital of the company, and the buyer, who agrees to purchase all of the issued share capital of the company. The agreement highlights the importance of clearly identifying the parties involved and ensuring that the shares are sold free from any security interests, options, equities, claims, or other third-party rights. The document also specifies the total price payable by the buyer, which can be a fixed amount paid in cash or shares, or a combination of both. The completion of the sale and purchase is conditional upon certain conditions being fulfilled, such as the passing of a resolution by the shareholders of the seller and the repayment of any outstanding intra-group indebtedness. The agreement also includes provisions for pre-completion undertakings, which require the seller to conduct the business in the ordinary and usual course, preserve and protect the business assets, and provide access to books and records. Post-completion undertakings include the repayment of connected trading indebtedness, obtaining the release of any connected guarantees, and providing transitional services to the group for a specified period. The agreement contains warranties from the seller, which are representations and assurances about the company and its affairs. The seller agrees to indemnify the buyer for any breach of these warranties. The agreement also includes provisions for termination, withholding tax and grossing up, announcements, costs, and governing law. The document is comprehensive and covers all aspects of the acquisition process.

How to use this document?

To use the Company Acquisition Agreement - with No Guarantor, follow these steps:


1. Review the agreement to understand its terms and conditions.

2. Identify the parties involved and ensure that their information is accurately entered into the agreement.

3. Specify the total price payable by the buyer and the method of payment.

4. Fulfill the conditions to completion, such as obtaining shareholder approval and repaying any outstanding intra-group indebtedness.

5. Comply with the pre-completion undertakings, including conducting the business in the ordinary and usual course, preserving and protecting the business assets, and providing access to books and records.

6. Fulfill the post-completion undertakings, such as repaying connected trading indebtedness and providing transitional services.

7. Ensure that the seller provides the necessary documents and transfers the shares to the buyer.

8. Make the payment as specified in the agreement.

9. Keep records of all communications and actions related to the acquisition.

10. Seek legal advice if needed to ensure compliance with all legal requirements.

11. Monitor and fulfill any ongoing obligations or responsibilities outlined in the agreement.

12. If any disputes or claims arise, follow the procedures outlined in the agreement to resolve them.


Please note that this guidance is for informational purposes only and does not constitute legal advice. It is recommended to consult with a qualified legal professional for specific guidance tailored to your situation.

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