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Share Sale And Purchase Agreement Template for Switzerland

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Key Requirements PROMPT example:

Share Sale And Purchase Agreement

"I need a Swiss law Share Sale and Purchase Agreement for the acquisition of a privately-held technology company based in Zurich, with a purchase price of 5 million Swiss Francs and completion planned for March 2025."

Document background
The Share Sale and Purchase Agreement (SPA) is a fundamental transaction document used in Swiss M&A deals when transferring ownership of a company through the sale of its shares. This document is essential for both private and public company transactions, though additional requirements apply for listed companies. It must comply with Swiss law, particularly the Swiss Code of Obligations, and may need to address specific regulatory requirements such as merger control, banking regulations, or Lex Koller restrictions for foreign investors. The agreement typically includes detailed provisions on purchase price mechanisms, warranties about the target company's condition, tax indemnities, and completion procedures. It's commonly used in both domestic Swiss transactions and cross-border deals where Swiss companies are the target or where Swiss law is chosen as the governing law.
Suggested Sections

1. Parties: Identification of the seller(s) and buyer(s) with full legal names and addresses

2. Background: Context of the transaction, including brief description of the target company and purpose of the agreement

3. Definitions and Interpretation: Defined terms used throughout the agreement and rules of interpretation

4. Sale and Purchase: Core transaction terms including the shares being sold and purchase price

5. Purchase Price: Detailed provisions on consideration, including payment mechanics and any price adjustment mechanisms

6. Conditions Precedent: Conditions that must be satisfied before completion can occur

7. Pre-Completion Obligations: Parties' obligations between signing and completion, including conduct of business requirements

8. Completion: Mechanics and requirements for closing the transaction, including deliverables and timing

9. Warranties: Seller's representations and warranties about the company and shares

10. Limitations on Liability: Limitations on warranty claims and general liability caps

11. Tax Indemnity: Specific indemnities relating to tax matters

12. Confidentiality: Obligations regarding transaction confidentiality and public announcements

13. Notices: Format and delivery requirements for formal communications

14. General Provisions: Standard boilerplate clauses including governing law, jurisdiction, and entire agreement

15. Governing Law and Jurisdiction: Specification of Swiss law as governing law and jurisdiction for disputes

Optional Sections

1. Earn-out Provisions: Used when part of the purchase price is contingent on future performance

2. Non-Competition and Non-Solicitation: Required when restrictions on seller's future activities are needed

3. Transitional Services: Included when the seller needs to provide ongoing services post-completion

4. Employee Matters: Specific provisions dealing with key employees or employee-related liabilities

5. Real Estate Provisions: Required when the target company owns significant real estate (especially relevant for Lex Koller considerations)

6. Intellectual Property Rights: Detailed provisions when IP is a significant asset of the target company

7. Bank Financing: Required when the purchase is dependent on external financing

8. Break Fee: Included when parties want to specify compensation for failed completion

Suggested Schedules

1. Details of the Target Company: Corporate information, shareholding structure, and subsidiaries

2. Conditions Precedent: Detailed list of all conditions to be satisfied before completion

3. Completion Obligations: Detailed list of actions and deliverables required at completion

4. Warranties: Full list of seller's warranties about the company and business

5. Disclosed Information: List of documents disclosed against the warranties

6. Properties: Details of all real estate owned or leased by the target company

7. Intellectual Property: List of all IP rights owned or licensed by the target company

8. Material Contracts: Summary of key commercial contracts

9. Employees: Details of key employees and their terms of employment

10. Data Room Index: Index of all documents provided in due diligence

11. Completion Accounts: Pro forma completion accounts and accounting policies

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






















































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Relevant Industries

Financial Services

Technology

Manufacturing

Real Estate

Healthcare

Retail

Professional Services

Energy

Transportation

Telecommunications

Consumer Goods

Industrial

Life Sciences

Media and Entertainment

Agriculture

Relevant Teams

Legal

Finance

Corporate Development

Mergers & Acquisitions

Due Diligence

Compliance

Risk Management

Tax

Corporate Secretariat

Board of Directors

Executive Management

Investment

Relevant Roles

Chief Executive Officer

Chief Financial Officer

General Counsel

Corporate Development Director

Head of M&A

Legal Director

Finance Director

Commercial Director

Investment Manager

Transaction Manager

Due Diligence Manager

Corporate Secretary

Risk Manager

Compliance Officer

Board Member

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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