Share purchase agreement: short form: acquisition of a group
A standard document that provides a short form share purchase agreement (SPA) for the sale and purchase of the entire issued share capital of a private company with at least one subsidiary. This document is drafted from the buyer's perspective and is intended for a straightforward transaction involving a single corporate seller and a single corporate buyer, with a simultaneous exchange and completion. It sets out the key terms of the acquisition, including the purchase price, completion obligations and post-completion arrangements. This document also includes seller warranties on a range of corporate, commercial and tax matters, a tax covenant, limitations on the seller's liability and restrictive covenants to protect the business's goodwill after the sale. NOTE: As this document is a short form agreement, it does not incorporate the full range of buyer-protection provisions that are generally included in a long form agreement. This document should therefore be read in conjunction with the drafting notes and reference should also be made to the long form share purchase agreements as appropriate.
Already a Practical Law customer? Sign in
Get access to this document with Practical Law
The value of Practical Law
Deliver results and stay ahead with the help of Practical Law's built-in network of legal experts
As a legal professional, your time is a precious resource. Whether you need insights on a market-leading precedent, help navigating a new topic, how-to guidance on the law with an integrated drafting note, or a checklist to help mitigate risk, you can rely on Practical Law.
Practical Law is the only legal know-how solution supported by a team of over 650 full-time global editors who obsessively monitor the law and create resources to help you navigate the unknown and practise more efficiently.
Learn more about Practical Law
Make the most of your time and resources
Jumpstart your work
Easy-to-use tools deliver a great starting point, so you spend less time searching for templates, building presentations, or delving into unfamiliar areas.
Get how-to guidance
Practical resources provide you with in-depth expert knowledge and insights to help you work more efficiently and make informed decisions confidently.
Rely on worldwide expertise
We offer global and comparative content with thousands of assets covering critical legal topics in more than 100 countries, including weekly updates and daily alerts for EU Law.