Share Purchase Agreement
"What key terms should a share purchase agreement include for Turkey?"
Quick Answer
SPAs should cover purchase price, warranties, indemnities, conditions precedent, non-compete, and post-closing obligations specific to Turkish law requirements.
Scope and Legal Distinctions
A share sale changes ownership of the entity while its contracts, debts and licences ordinarily remain with it. Transfer formalities differ between limited companies and joint-stock shares.
What to Check in Practice
Review title, restrictions, approvals, price adjustments, warranties and closing evidence; assess merger clearance and sector consents separately.
Sources & Authorities
Statutory framework and official guidance for this definition.
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