Cps Share Purchase Agreement

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The sales contract allows the contractual agreement of a date on which the representatives and guarantees must be correct. In case of breach of such warranties, the buyer is entitled to damages. For example, the seller may have made a specific commitment (for example. B under a shareholders` agreement) which prevents him from transferring his shares. Other common examples are a major service agreement or credit agreement that contains a change of control clause and requires the prior agreement of the other party who, in this case, has the right to terminate the contract. These clauses are standard in credit agreements with professional lenders. The buyer wants the catalog of representatives and warranties to cover as many problems as possible, while the seller would prefer not to be limited to any. As a result, this section of the share purchase agreement is usually the subject of intense negotiations.

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