Share Purchase Agreement in Kenya

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Price: KES 400

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Document Overview

Download a detailed Share Purchase Agreement template in Kenya. This agreement outlines the sale and transfer of company shares, payment terms, warranties, and completion requirements in compliance with the Companies Act, 2015.

A Share Purchase Agreement is a legal contract that governs the transfer of ownership of shares in a company. Its purpose is to:
Define the terms and conditions of the sale;
- Protect both buyer and seller through warranties, undertakings, and disclosures;
- Ensure legal compliance under the Companies Act, 2015; and
- Provide a clear record of ownership change for CR12 and KRA updates.

Key Components:
- Parties – Seller and Purchaser details.
- Recitals/Background – Purpose of the sale.
- Definitions and Interpretation – Key terms explained.
- Sale and Purchase Clause – Agreement to transfer shares.
- Purchase Price and Payment Terms – Amount and mode of payment.
- Conditions Precedent – Approvals and requirements before completion.
- Completion – Documents and actions to finalize transfer.
- Warranties and Representations – Assurances by the seller.
- Undertakings – Seller’s obligations before completion.
- Confidentiality – Non-disclosure of company information.
- Stamp Duty and Costs – Allocation of legal and tax costs.
- Governing Law and Jurisdiction – Application of Kenyan law.
- Notices – Communication procedures.
- Execution and Witnessing – Signatures and witnesses.

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Share Purchase Agreement in Kenya

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