c) contributions. The full payment of all amounts required by the company under current legislation or as part of a staff performance plan or agreement relating to a performance plan of the company in which the company participates must have been paid as a contribution at the time of this agreement. The Company has made sufficient provisions for reserves in the financial statements to fulfill contributions that have not been made because they are not yet due under the terms of a personnel performance plan or related agreements. 4.2. Subsidiaries. [The company does not have, directly or indirectly, subsidiaries or owners, nor does it have the right or obligation to acquire, under a contract or otherwise, similar shares, interests or interests in a company, company, joint venture, association, limited liability company, trust or other entity.] In this section, you will also find the price and all adjustments to the purchase price as well as all other items that were shared between the parties when the agreement was reached. The first part of your share purchase agreement is often referred to as a preamble. This section identifies the agreement, identifies the parties and sets the contract date. In the preamble, you will often see parties called „sellers“ and „buyers.“ These guarantees and purchase guarantees illustrate typical provisions contained in share purchase contracts. Additional insurance and guarantees that may be appropriate, including financing or demerger provisions. A lawyer can help you adapt and negotiate the seller`s representations and guarantees based on your specific situation.
The temptation is to quickly pass through these definitions, provided they are standard concepts. However, it is important to read them carefully, as these terms can significantly change the meaning of certain parts of the agreement, depending on their early definition. Some terms that may have a significant effect depending on the context include that the buyer must submit to „due diligence“ to ensure that he receives exactly what he thinks he is himself. Due Diligence is simply a legal term for „pedal tires.“ As a general rule, the buyer has time to ask, verify financial and tax information and inquire about the transaction before concluding. Part of this process will likely involve implementing pawn rights and reviewing title documents relating to certain assets. Another common way to acquire another business is an asset purchase agreement (APA). The best option for your business depends on many factors.