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A Buy-Sell Agreement sets clear rules for what happens to business ownership shares when a co-owner wants to sell, retires, or passes away. Under Danish corporate law, these contracts help private companies maintain control over who owns shares and protect the interests of remaining shareholders.

Think of it as a safety net for your business. The agreement typically includes a fair pricing formula, specifies who can buy available shares, and outlines payment terms. Many Danish businesses fund these agreements through life insurance policies, making it easier for surviving owners to purchase shares from a deceased partner's estate. This setup aligns with Denmark's emphasis on clear succession planning and business continuity.

Create a Buy-Sell Agreement when you first form your business partnership or corporation in Denmark. This timing is crucial because it sets clear expectations while everyone is still on good terms. The agreement becomes especially valuable for companies with multiple shareholders, family-owned businesses, or professional partnerships where maintaining control over ownership is vital.

Key moments to revisit your agreement include adding new partners, significant changes in business value, or when shareholders approach retirement age. Danish business law emphasizes proper succession planning, so having this agreement ready before major life events or business transitions protects everyone's interests and helps avoid costly disputes later.

• Purchase Sale Agreement: Cross-purchase structure where partners directly buy each other's shares, ideal for smaller businesses with equal ownership
• Bill Of Sale For Asset Purchase Agreement: Entity-purchase format where the company buys back shares, common in larger Danish corporations
• Property Sale Contract: Hybrid agreement combining both cross-purchase and entity-purchase options, offering maximum flexibility for mixed business structures
• Property Sales Contract Between Seller And Buyer: Wait-and-see format allowing owners to decide the purchase structure when triggered, popular among family businesses

• Business Co-owners: Primary parties who sign and are bound by the agreement, typically partners in Danish ApS companies or shareholders in A/S corporations
• Corporate Lawyers: Draft and review agreements to ensure compliance with Danish company law and protect all parties' interests
• Business Valuators: Provide independent valuation methods and fair market assessments for share pricing
• Insurance Providers: Supply life or disability insurance policies to fund potential buyouts
• Tax Advisors: Guide structure and timing of agreements to optimize tax implications under Danish tax law
• Family Members: Often involved as potential inheritors or next-generation owners in family business succession planning

• Company Details: Gather current ownership structure, share values, and company registration documents from the Danish Business Authority
• Valuation Method: Decide on a fair pricing formula for shares, considering book value, market value, or agreed-upon multipliers
• Trigger Events: List specific situations that activate the agreement, such as retirement, death, or voluntary exit
• Funding Strategy: Plan how share purchases will be financed, often through insurance policies or installment payments
• Tax Implications: Document potential tax consequences for both buyers and sellers under Danish tax law
• Review Process: Use our platform to generate a legally-sound draft, then have all parties review terms before signing

• Party Identification: Full legal names, company registration numbers, and addresses of all shareholders involved
• Transfer Triggers: Clear definition of events that activate the agreement, including death, retirement, or voluntary sale
• Valuation Method: Specific formula or process for determining share price under Danish accounting standards
• Payment Terms: Detailed payment structure, timelines, and funding mechanisms
• Dispute Resolution: Process for handling disagreements under Danish arbitration law
• Right of First Refusal: Terms giving existing shareholders priority to purchase available shares
• Compliance Statement: Declaration of adherence to Danish corporate law and tax regulations
• Execution Requirements: Signature blocks with witness provisions as required by Danish law

People often confuse a Buy-Sell Agreement with a Buyout Agreement, but they serve different purposes in Danish business law. A Buy-Sell Agreement is proactive and sets rules for future ownership transfers, while a Buyout Agreement handles an immediate, one-time purchase of ownership interests.

• Timing and Purpose: Buy-Sell Agreements establish long-term succession plans and transfer rules, while Buyout Agreements execute immediate ownership changes
• Scope of Coverage: Buy-Sell Agreements cover multiple potential scenarios and triggers, but Buyout Agreements focus solely on the terms of a specific transaction
• Price Mechanism: Buy-Sell Agreements include formulas for future valuations, whereas Buyout Agreements state fixed prices for immediate transfers
• Duration: Buy-Sell Agreements remain active throughout business ownership, while Buyout Agreements terminate once the transaction completes