Company and shares
Disclosure Letter (Share Sale)
The seller's letter that discloses matters against the warranties in a share sale, so the buyer can't later claim it wasn't told.
Before you start
- The agreement: have the Share Sale Agreement (Full Form) in front of you. The warranty numbers in the letter match Schedule 3 of the agreement.
- Company records: the constitution, share register, ASIC extract, PPSR search, accounts, leases, material contracts, insurance policies, any loan agreements between the company and the Vendor, and tax records.
- Employee information: for each employee, their position, start date, employment type, pay, award or enterprise agreement, and accrued leave.
- Searches: if you will rely on searches (clause 3.1(a) of the letter), get current ASIC, PPSR, IP Australia and NSW Land Registry Services searches and include copies in the Disclosure Materials.
What you get
- The finished document in Word, completed from your answers
- A plain-English guide to completing, signing and keeping it
- DIY straight away, or a solicitor check within 1 to 3 business days
How it works
- Answer the questions, in 5 short steps.
- See your fixed price and pay.
- DIY documents download straight away. Solicitor-checked documents arrive within 1 to 3 business days.