Share Purchase Agreement: group conditional

Share Purchase Agreement for the purchase from a single seller of a company which is the parent company of a group of companies, with conditional completion and an interval between signature and closing.

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When do I use this document?

  • for the sale and purchase of a company which is the parent company of a corporate group
  • for the sale of a company by a single seller
  • for a transaction which is subject to the satisfaction of conditions prior to closing, with an interval between signature and closing
  • when the consideration is paid in full in cash at completion

What are the key features?

  • full-form SPA with 24 clauses and 5 schedules over 39 pages
  • process for the sale and purchase of shares and completion deliverables
  • closing of the transaction is subject to the satisfaction of one or more closing conditions 
  • obligations on the seller relating to the conduct of the business of the group prior to closing
  • warranties from the seller relating to the target group 
  • seller limitations from liability under the warranties
  • provision for indemnities for specific issues
  • restrictive covenants from the seller
  • tax covenant for pre-completion tax liabilities

What other documents are there?

For alternative forms of SPA, see:

When do I use this document?

  • for the sale and purchase of a company which is the parent company of a corporate group
  • for the sale of a company by a single seller
  • for a transaction which is subject to the satisfaction of conditions prior to closing, with an interval between signature and closing
  • when the consideration is paid in full in cash at completion

What are the key features?

  • full-form SPA with 24 clauses and 5 schedules over 39 pages
  • process for the sale and purchase of shares and completion deliverables
  • closing of the transaction is subject to the satisfaction of one or more closing conditions 
  • obligations on the seller relating to the conduct of the business of the group prior to closing
  • warranties from the seller relating to the target group 
  • seller limitations from liability under the warranties
  • provision for indemnities for specific issues
  • restrictive covenants from the seller
  • tax covenant for pre-completion tax liabilities

What other documents are there?

For alternative forms of SPA, see:

Explanatory Guides

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Updated by a lawyer on 10/05/2023

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