Share Sale Agreement (Long Form)

A Share Purchase Agreement is a document that outlines the terms of sale shares owned by a company’s shareholder, to another party.

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Last updated October 23, 2025

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Suitable for Australia

Share Sale Agreement (Long Form)

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What is a share sale agreement (long form)?

A share sale agreement (long form) is a legal contract setting out the terms for selling existing shares in a company from one party to another, including warranties and obligations for both buyer and seller.
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When should you use a share sale agreement (long form)?

Use this agreement when buying or selling already-issued shares in a company between individuals or entities, not when issuing new shares. It’s suitable for transactions that require detailed warranties and a guarantor.
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What should be in a share sale agreement (long form)?

It should include terms of sale, detailed warranties about the company’s health and operations, obligations of both parties, a guarantor’s role, and a disclosure letter addressing all warranties.
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Frequently asked questions

What is a share sale agreement (long form)?

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When should you use a share sale agreement (long form)?

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What should be in a share sale agreement (long form)?

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What protections does this agreement provide for buyers?

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What are the main risks for sellers using this agreement?

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Can this agreement be used for multiple shareholders?

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What steps are required to complete the share sale?

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View Sample Share Sale Agreement (Long Form)

Share Sale Agreement (Long Form)
risk level indicator at Medium level

The Legal Risk Score of a Share Sale Agreement (Long Form) Template is Medium

Our legal team have marked this document as medium risk considering:

  • The warranties provided by the Sale Shareholder are extensive and detailed, which could expose the Sale Shareholder to significant liability if any information is inaccurately represented or undisclosed.
  • The agreement does not limit the monetary value or time frame of the warranties, potentially leading to prolonged and costly liabilities for the Sale Shareholder beyond the usual business risks.
  • The share transfer must be properly executed, which requires administrative work from both parties and the company.

Users familiar with share sale agreements may find the document's structure and terms standard, but should be cautious of the potential long-term liabilities and the depth of due diligence required.

Articles about Share Sale Agreement (Long Form)

What Are Share Sale Agreements?
By Raja Abbas|Jan 11, 2024

What Are Share Sale Agreements?

What Are Share Sale Agreements? This article explores everything you need to know about share sale agreements, including how to draft, negotiate and perfect share sale agreements.

What Is A Share Sale Agreement?
By Raja Abbas|Feb 7, 2024

What Is A Share Sale Agreement?

What Are Share Sale Agreements? This article explores everything you need to know about share sale agreements, including how to draft, negotiate and perfect share sale agreements.

Share Sale Contract: A Guide to Buying and Selling Company Shares (2025 Update)
By Mai Sarkissian|Jan 9, 2025

Share Sale Contract: A Guide to Buying and Selling Company Shares (2025 Update)

Learn how to protect your business interests in a share sale through understanding the key features of a share sale contract. 

5 Things to Know About Share Subscription Agreements
By Justin Pasqualino|Nov 28, 2025

5 Things to Know About Share Subscription Agreements

Expanding your business? Here's a quick guide to Share Subscription Agreements.

Why your business needs a Shareholders Agreement
By Dominic Woolrych|May 25, 2015

Why your business needs a Shareholders Agreement

Learn about a shareholders agreement, what it includes and how it can be beneficial for your business.

Questions to Consider Before Purchasing a Business
By Vincent Appleton|Nov 26, 2025

Questions to Consider Before Purchasing a Business

Thinking of purchasing a business? Don’t know what questions to ask? Find out the questions you must ask to cover your options here.

Disposing Of Shares - An Explainer For Shareholders
By Alistair Maclennan|Jul 14, 2020

Disposing Of Shares - An Explainer For Shareholders

Disposing of shares can occur through share sales or transfers, but the process differs between public and private companies. Find out more here.

What Happens To Shares When A Company Is Sold?
By Paul Taylor|May 24, 2024

What Happens To Shares When A Company Is Sold?

Knowledge of how shares and companies operate can give you the upper hand in business. Read more about what happens to shares when a company is sold here.

How to Exit Your Shareholders' Agreement
By Joshua Cutrone|Dec 4, 2019

How to Exit Your Shareholders' Agreement

Are you looking to sell your shares in a company but don't know your exit route? Read on to learn how to exit your shareholders' agreement.

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