Ancillary Transaction Documents

At the completion of a share purchase transaction, a number of documents ancillary to the main share purchase agreement are often required.  These include:

• new service agreements for individual sellers
• transitional services to be supplied by a seller, especially where the target is being sold from a wider group of companies
• target company, buyer and seller board resolutions
• buyer or seller shareholder consents
• repayment of shareholder or third party loans and releases of security
• directors’ resignation letter
• closing power of attorney for the shares being sold