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Document Id : 9024
File Type : Microsoft Word
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Australia Share Purchase Agreement
Sell all of the shares in an Australian company with this Australia Share Purchase Agreement.
- If the purchaser requires, the vendor and purchaser will jointly conduct a stocktaking of the business before completion of the transaction.
- Any disputes with respect to the stocktaking will be referred to an expert valuer.
- The vendor is liable to pay the amount of any loss arising from a reduction in the value of the company’s assets, an increase in the liabilities, or any breach of the vendor’s warranties.
- There is no liability in respect of trade debts which are paid in full on or before completion, or within 12 months after they become due.
- The vendor agrees to encourage the company’s clients to use the company’s goods and services, and must provide assistance in relation to the ongoing business of the company.
- The template includes trade restraint clauses, including a clause specifically for Victoria.
- Both parties are bound by ongoing confidentiality provisions which will survive the closing.
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