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Business Buy Sell Agreement Template for Ireland

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Key Requirements PROMPT example:

Business Buy Sell Agreement

"I need a Business Buy Sell Agreement for the sale of my Dublin-based software development company to a UK buyer, with completion expected by March 2025; the agreement should include specific provisions for protecting our intellectual property and ensuring smooth transition of our development team."

Document background
The Business Buy Sell Agreement is a crucial legal document used in Irish business transactions when transferring ownership of a business from one party to another. It is essential for both small business transfers and larger corporate acquisitions, providing a comprehensive framework that ensures compliance with Irish corporate law, tax regulations, and business transfer requirements. This agreement typically includes detailed provisions covering purchase price mechanics, warranties, representations, employee matters, asset transfers, and post-completion obligations. It's particularly important in protecting both parties' interests while ensuring a smooth transition of ownership. The document must align with Irish legal requirements, including Companies Act 2014 provisions, competition law considerations, and relevant tax legislation.
Suggested Sections

1. Parties: Identification of all parties to the agreement, including seller(s) and buyer(s)

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

3. Definitions: Defined terms used throughout the agreement

4. Sale and Purchase: Core transaction terms, including what is being sold (shares/assets)

5. Purchase Price: Consideration amount, payment terms, and any price adjustment mechanisms

6. Completion: Closing mechanics, timing, and deliverables

7. Seller's Warranties: Comprehensive warranties about the business, its assets, and operations

8. Buyer's Warranties: Basic warranties from the buyer, including capacity to enter agreement and funding

9. Pre-Completion Obligations: Conduct of business between signing and completion

10. Limitations on Claims: Limitations on warranty claims and indemnification

11. Confidentiality: Confidentiality obligations regarding the transaction and business information

12. Non-Competition: Restrictions on seller's future competitive activities

13. Employee Matters: Treatment of employees and related liabilities

14. Tax Matters: Tax covenants, indemnities, and allocations

15. Governing Law and Jurisdiction: Choice of Irish law and jurisdiction provisions

16. General Provisions: Standard boilerplate clauses including notices, amendments, etc.

Optional Sections

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

2. Real Estate: Include when business owns/leases significant property assets

3. Intellectual Property: Include when IP assets are material to the business

4. Environmental Matters: Include for businesses with environmental risks/compliance requirements

5. Data Protection: Include when significant personal data processing is involved

6. Pensions: Include when dealing with defined benefit schemes or significant pension obligations

7. Debt and Security: Include when dealing with significant existing debt arrangements

8. Regulatory Approvals: Include when transaction requires specific regulatory clearances

9. Parent Company Guarantee: Include when buyer/seller is backed by parent company guarantee

Suggested Schedules

1. Schedule 1 - Business Assets: Detailed list of assets included in the sale

2. Schedule 2 - Properties: Details of owned and leased properties

3. Schedule 3 - Intellectual Property: List of IP rights, registrations, and licenses

4. Schedule 4 - Employees: List of employees and their key terms of employment

5. Schedule 5 - Material Contracts: Summary of key business contracts

6. Schedule 6 - Warranties: Detailed warranties about the business

7. Schedule 7 - Tax Covenant: Detailed tax indemnity provisions

8. Schedule 8 - Completion Deliverables: List of documents/items to be delivered at completion

9. Appendix 1 - Completion Accounts: Pro forma completion accounts and adjustment mechanisms

10. Appendix 2 - Properties Information: Detailed property information and certificates

11. Appendix 3 - Disclosed Documents: List of documents disclosed against warranties

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
Clauses













































Relevant Industries

Manufacturing

Retail

Technology

Professional Services

Healthcare

Hospitality

Construction

Real Estate

Financial Services

Agriculture

Energy

Transportation

Education

Media and Entertainment

Telecommunications

Relevant Teams

Legal

Finance

Corporate Development

Mergers & Acquisitions

Tax

Human Resources

Operations

Compliance

Risk Management

Strategy

Commercial

Business Development

Relevant Roles

CEO

Managing Director

Business Owner

Corporate Lawyer

Legal Counsel

Chief Financial Officer

Finance Director

Business Development Director

Company Secretary

Tax Director

Operations Director

HR Director

Commercial Director

Compliance Officer

Risk Manager

Transaction Manager

Investment Director

Strategy Director

Corporate Development Manager

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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