At P.A Duffy & Co Solicitors, we represent shareholders in businesses across Northern Ireland. Our commercial team are experienced, understanding and diligent and will work tirelessly on your behalf to secure your desired outcome.

Key elements typically covered in a share sale agreement include:

• Identification of Parties: The agreement should clearly identify the parties involved, including the buyer and the seller.

• Shares Being Sold: It specifies the number and class of shares being sold. This may include information on preferred shares, common shares, or other classes of shares.

• Purchase Price: The price at which the shares are being sold is detailed, along with the terms of payment, such as whether it will be paid in cash, instalments, or a combination of cash and other forms of consideration.

• Conditions Precedent: The agreement may specify conditions that must be met before the sale can be completed. This can include regulatory approvals, financing arrangements, or other specific conditions.

• Covenants: The agreement may include covenants or promises that both parties agree to follow before, during, and after the transaction. For example, there may be non-compete or confidentiality clauses.

• Warranties: Warranties are included to address the parties' responsibilities in case of any breaches of the agreement or any resulting losses.

• Dispute Resolution: Share sale agreements often include provisions for dispute resolution, such as mediation, arbitration, or litigation procedures to address disagreements or conflicts between the parties.

• Confidentiality: To protect sensitive information about the company, confidentiality clauses may be included to restrict the parties from disclosing or using confidential information for unauthorized purposes.