{"id":6946,"date":"2026-10-06T16:47:03","date_gmt":"2026-10-06T14:47:03","guid":{"rendered":"https:\/\/www.norban.no\/?post_type=norban_kb&p=6946"},"modified":"2026-10-13T09:07:49","modified_gmt":"2026-10-13T07:07:49","slug":"inside-an-ma-process","status":"publish","type":"norban_kb","link":"https:\/\/www.norban.no\/no\/knowledge\/investing\/inside-an-ma-process\/","title":{"rendered":"Slik foreg\u00e5r et selskapsoppkj\u00f8p"},"content":{"rendered":"","protected":true},"excerpt":{"rendered":"

N\u00e5r selskapet selges, kan du som minoritetsaksjon\u00e6r bli bedt om \u00e5 signere dokumenter og gi garantier om virksomheten. Sett deg inn i hva du p\u00e5tar deg, s\u00e6rlig hvis du ikke har drevet selskapet. Deler av kj\u00f8pesummen kan holdes tilbake eller avhenge av fremtidige resultater, og er da ikke n\u00f8dvendigvis utbetalt n\u00e5r salget er gjennomf\u00f8rt.<\/p>","protected":true},"featured_media":7684,"template":"","meta":{"_tec_requires_first_save":true,"_yoast_wpseo_focuskw":"","_yoast_wpseo_title":"Inside an M&A process: what a minority seller signs","_yoast_wpseo_metadesc":"What a minority seller is asked for at each stage of a Norwegian company sale, what a warranty commits you to, and how escrow and an earn-out work.","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":" kl. ","_EventTimeRangeSeparator":"\u2013","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"_tribe_blocks_recurrence_rules":"","_tribe_blocks_recurrence_description":"","_tribe_blocks_recurrence_exclusions":"","kb_id":"INV-47","kb_level":"practitioner","kb_standfirst":"When a company is sold, minority shareholders may have documents to sign and promises to make about the business. Understand what the sale agreement asks of you, especially if you did not run the company. Money held back in escrow or linked to future results through an earn-out may remain unavailable after completion.","kb_counterpart":"","kb_reviewer":"","kb_last_reviewed":"2026-09-20","kb_review_due":"2027-09-20","kb_norway":true,"kb_disclaimer":true,"kb_takeaways":[],"kb_assets":[],"kb_assets_planned":[],"kb_related":["INV-44","INV-45","INV-46"],"kb_terms":[{"en":"share purchase agreement","no":"aksjekj\u00f8psavtale","slug":"aksjekjopsavtale"},{"en":"warranty","no":"garanti","slug":"garanti"},{"en":"letter of intent","no":"intensjonsavtale","slug":"intensjonsavtale"},{"en":"due diligence","no":"selskapsgjennomgang","slug":"selskapsgjennomgang"},{"en":"non-compete clause","no":"konkurranseklausul","slug":"konkurranseklausul"},{"en":"earn-out","no":"tilleggsvederlag","slug":"tilleggsvederlag"}],"kb_sources":[],"footnotes":"","rank_math_title":"","rank_math_description":"","rank_math_focus_keyword":"","_dpc-meta-title":"","_dpc-meta-description":"","_dpc-keyword":""},"kb_track":[50],"kb_pillar":[60],"kb_access":[75],"kb_level_tax":[72],"kb_norway_tax":[74],"class_list":["post-6946","norban_kb","type-norban_kb","status-publish","has-post-thumbnail","hentry","kb-access-members"],"kb_reading_time":15,"yoast_head":"\nInside an M&A process: what a minority seller signs<\/title>\n<meta name=\"description\" content=\"What a minority seller is asked for at each stage of a Norwegian company sale, what a warranty commits you to, and how escrow and an earn-out work.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.norban.no\/no\/knowledge\/investing\/inside-an-ma-process\/\" \/>\n<meta property=\"og:locale\" content=\"nb_NO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inside an M&A process: what a minority seller signs\" \/>\n<meta property=\"og:description\" content=\"What a minority seller is asked for at each stage of a Norwegian company sale, what a warranty commits you to, and how escrow and an earn-out work.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.norban.no\/no\/knowledge\/investing\/inside-an-ma-process\/\" \/>\n<meta property=\"og:site_name\" content=\"NorBAN - Norwegian Business Angel Network\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/norban.no\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-13T07:07:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.norban.no\/wp-content\/uploads\/2026\/10\/norban-kb-pillar-investing-i7.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Ansl. lesetid\" \/>\n\t<meta name=\"twitter:data1\" content=\"15 minutter\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.norban.no\\\/knowledge\\\/investing\\\/inside-an-ma-process\\\/\",\"url\":\"https:\\\/\\\/www.norban.no\\\/knowledge\\\/investing\\\/inside-an-ma-process\\\/\",\"name\":\"Inside an M&A process: what a minority seller signs\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.norban.no\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.norban.no\\\/knowledge\\\/investing\\\/inside-an-ma-process\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.norban.no\\\/knowledge\\\/investing\\\/inside-an-ma-process\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.norban.no\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/norban-kb-pillar-investing-i7.png\",\"datePublished\":\"2026-10-06T14:47:03+00:00\",\"dateModified\":\"2026-10-13T07:07:49+00:00\",\"description\":\"What a minority seller is asked for at each stage of a Norwegian company sale, what a warranty commits you to, and how escrow and an earn-out work.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.norban.no\\\/knowledge\\\/investing\\\/inside-an-ma-process\\\/#breadcrumb\"},\"inLanguage\":\"nb-NO\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.norban.no\\\/knowledge\\\/investing\\\/inside-an-ma-process\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"nb-NO\",\"@id\":\"https:\\\/\\\/www.norban.no\\\/knowledge\\\/investing\\\/inside-an-ma-process\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.norban.no\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/norban-kb-pillar-investing-i7.png\",\"contentUrl\":\"https:\\\/\\\/www.norban.no\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/norban-kb-pillar-investing-i7.png\",\"width\":1200,\"height\":630,\"caption\":\"Featured image for the Investing track of the NorBAN Knowledge Base, pillar 7 of 8: Exits. 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