Shares Purchase Agreement

rhysadams

I'd suggest speaking to a solicitor, you can get them to fix their costs if you are worried about spiraling fee's.

I've had 2 accountants over the years and both have good links with Solicitors firms.

TolsBols

Just to close off this thread, I finalised a Shares Purchase Agreement with the accountant and the document was signed both by the accountant, my mother and the buyer and we all hold a copy.

I found a template of a Shares Purchase Agreement online and I inserted a clause about Applicable Law and Jurisdiction. I.e. "This Agreement will be governed by and construed in accordance with the laws of England and Wales and shall be subject to the exclusive jurisdiction of the English courts".

Hopefully this legal clause adds some gravitas to the agreement.

I'm fairly confident I'm in a privileged position where the buyer is a gentleman. Since the agreement was signed, he has posted a tribute to my late father on the company website acknowledging his role in starting the business and he has dined at my mother's house and bought her a bunch of flowers as a Thank You.

Many thanks to everyone who responded. If it all goes nips up by next January, I'll keep you posted!

martindow

TolsBols wrote: »

Just to close off this thread, I finalised a Shares Purchase Agreement with the accountant and the document was signed both by the accountant, my mother and the buyer and we all hold a copy.

I found a template of a Shares Purchase Agreement online and I inserted a clause about Applicable Law and Jurisdiction. I.e. "This Agreement will be governed by and construed in accordance with the laws of England and Wales and shall be subject to the exclusive jurisdiction of the English courts".

Hopefully this legal clause adds some gravitas to the agreement.

I'm fairly confident I'm in a privileged position where the buyer is a gentleman. Since the agreement was signed, he has posted a tribute to my late father on the company website acknowledging his role in starting the business and he has dined at my mother's house and bought her a bunch of flowers as a Thank You.

Many thanks to everyone who responded. If it all goes nips up by next January, I'll keep you posted!

Hopefully you are dealing with a gentleman so you will not need to rely on this agreement. Downloading something from the internet and adding your own legalese is not wise.

Trying to decipher what your agreement means in the future could cost much more in legal fees than getting a solicitor to draw something up now.