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Share purchase agreement checklist

Make it Legal™ Checklist

Here are a few important steps to take to finish your document

Read the document to make sure it meets your needs and that everyone involved agrees with the Agreement.

Make sure both parties are aware of all warranties made in the Share Purchase Agreement by the seller and/or buyer.

Make sure a disclosure letter has either been sent or received with regard to the warranties. If you do not have a disclosure letter, then let us know and we can connect you with one of our lawyers.

Remember that if you have any questions you can easily Ask a lawyer.

For more information, read Share purchase agreements.

Signing online

  1. You can select to sign online using RocketSign.

  2. The parties to the Agreement will receive an email invite to sign online.

Signing in print

  1. Print a copy for each party to the Share Purchase Agreement.

  2. Each party must sign and date both copies. 

The date of the Share Purchase Agreement is the date on which the parties signed if that was the same day. If they signed on different days, then it is the day when the last person signed.

Each party should keep their own original signed Share Purchase Agreement.

A copy of the Share Purchase Agreement will also be automatically stored in your Rocket Lawyer account ‘Dashboard’.

Following completion (ie the signing of the Share Purchase Agreement), there are a few steps the buyer may need to take. These include:

  1. paying stamp duty

  2. filing notices of directors’, secretaries’ and auditors’ appointments and resignations at Companies House, and

  3. integration of the target company into the buyer’s group, including Value Added Tax (VAT) and payroll

Note that the Share Purchase Agreement itself is a private document and there is no requirement to file it with Companies House. However, the buyer should notify Companies House of the change of share ownership in the target company’s next annual tax return.

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