Agreement Of Sale And General Power Of Attorney Template for Australia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Agreement Of Sale And General Power Of Attorney

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Agreement Of Sale And General Power Of Attorney

"I need an Agreement of Sale and General Power of Attorney for selling my manufacturing business in Melbourne to a local buyer, with my sister as attorney to handle the completion process while I'm overseas in March 2025."

Document background
The Agreement Of Sale And General Power Of Attorney is a specialized legal instrument used in Australian business transactions where one party requires formal representation during the sale process. This document is particularly valuable when the buyer or seller cannot be physically present for all aspects of the transaction, or when complex, ongoing actions are required to complete the sale. It incorporates comprehensive sale terms including asset transfer provisions, payment conditions, and completion requirements, while simultaneously granting specific powers to an appointed attorney to act on behalf of the principal. The document must comply with both Commonwealth legislation (such as the Australian Consumer Law) and state-specific requirements for powers of attorney. It's commonly used in business sales, property transactions, and asset transfers where delegation of authority is necessary for efficient completion of the transaction.
Suggested Sections

1. Parties: Identifies and defines all parties to the agreement, including the Seller, Buyer, and the parties to the power of attorney (Principal and Attorney)

2. Background: Outlines the context and purpose of the agreement, including the intent to sell and grant power of attorney

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules

4. Sale Terms: Details the essential terms of the sale including the subject matter, purchase price, and payment terms

5. Grant of Power of Attorney: Explicitly grants the power of attorney, specifying the scope of authority given to the attorney

6. Powers and Authorities: Lists specific powers granted to the attorney in relation to the sale and other matters

7. Obligations of the Attorney: Sets out the attorney's duties, responsibilities, and standard of care

8. Completion and Settlement: Details the completion process, including timing, location, and requirements

9. Representations and Warranties: States the representations and warranties given by each party

10. Default and Termination: Specifies events of default and termination rights for both the sale and power of attorney

11. General Provisions: Contains standard legal provisions including notices, governing law, and dispute resolution

Optional Sections

1. Property Transfer Provisions: Required when the sale involves real property, detailing specific requirements for property transfer

2. Intellectual Property Rights: Included when the sale involves transfer of intellectual property

3. Ongoing Obligations: Used when there are continuing obligations post-completion

4. Registration Requirements: Required when the power of attorney needs to be registered with relevant authorities

5. Foreign Investment Provisions: Included when the transaction involves foreign buyers or sellers

6. GST Provisions: Required when the transaction is subject to GST

7. Third Party Consents: Included when the sale requires consents from third parties

8. Security Interests: Required when there are existing security interests over the sale items

Suggested Schedules

1. Schedule 1 - Sale Items: Detailed description of all items included in the sale

2. Schedule 2 - Purchase Price and Payment Terms: Breakdown of the purchase price and payment schedule

3. Schedule 3 - Powers Granted to Attorney: Comprehensive list of specific powers granted under the power of attorney

4. Schedule 4 - Completion Requirements: Checklist of all requirements for completion of the sale

5. Schedule 5 - Required Consents and Approvals: List of all required third-party consents and regulatory approvals

6. Appendix A - Form of Transfer Documents: Templates of required transfer documents

7. Appendix B - Existing Encumbrances: Details of any existing encumbrances on the sale items

8. Appendix C - Registration Requirements: Specific requirements for registering the power of attorney in relevant jurisdictions

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Manufacturing

Retail

Professional Services

Agriculture

Mining

Construction

Technology

Financial Services

Healthcare

Transportation and Logistics

Education

Hospitality

Relevant Teams

Legal

Commercial

Finance

Compliance

Risk Management

Operations

Business Development

Property Management

Corporate Secretariat

Procurement

Executive Leadership

Sales

Relevant Roles

Legal Counsel

Corporate Lawyer

Commercial Director

Business Development Manager

Contract Manager

Property Manager

Chief Financial Officer

Company Secretary

Operations Manager

Compliance Officer

Risk Manager

Transaction Manager

Asset Manager

Business Owner

Managing Director

Chief Executive Officer

Sales Director

Procurement Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Cross Purchase Buy Sell Agreement

An Australian-compliant agreement enabling business owners to purchase each other's interests upon specified triggering events, ensuring business continuity and clear exit mechanisms.

find out more

Sales Exclusivity Agreement

An Australian-law governed agreement establishing exclusive sales or distribution rights within a specified territory, including performance requirements and compliance with local competition laws.

find out more

Sales Rep Agreement

An Australian-law governed agreement establishing the relationship between a company and its sales representative, including commission terms and mutual obligations.

find out more

Commission Agent Agreement

An Australian-law governed agreement establishing a commission-based sales relationship between a principal and an agent, defining authority, obligations, and compensation terms.

find out more

Vehicle Sales Agreement Form

An Australian-compliant legal agreement for the sale and purchase of vehicles, covering essential terms and conditions under Australian law.

find out more

Lease Option Agreement For Sale

An Australian legal agreement combining a property lease with an option for the tenant to purchase the property during or after the lease term.

find out more

Seller Rent Back Agreement Form

An Australian legal agreement allowing property sellers to remain as tenants after sale completion, combining property sale and residential tenancy provisions under Australian law.

find out more

Agreement Of Sale And General Power Of Attorney

An Australian legal document combining a sale agreement and general power of attorney, enabling both asset transfer and authorized representation in the transaction process.

find out more

Oil Purchase And Sale Agreement

An Australian-law governed agreement setting out terms and conditions for the sale and purchase of oil products, including specifications, pricing, delivery, and regulatory compliance.

find out more

Agreement To Split Proceeds Of Sale

An Australian legal agreement establishing terms for distributing property sale proceeds among multiple parties, compliant with Australian property and contract law.

find out more

Retail Installment Sales Contract

An Australian-compliant contract for the sale of goods through installment payments, incorporating consumer credit protections and payment terms.

find out more

Sale Of Partnership Interest Agreement

An Australian law-governed agreement for the sale and transfer of partnership interests, detailing terms, conditions, and obligations of all parties involved.

find out more

Plot Sale Agreement

An Australian legal agreement for the sale and purchase of land plots, outlining terms, conditions, and obligations of all parties involved.

find out more

Sale And Purchase Agreement Key Terms

An Australian law-governed document outlining the essential terms and conditions for a proposed sale transaction, serving as the basis for a detailed purchase agreement.

find out more

Point Of Sale Contract

An Australian-law governed agreement setting out terms and conditions for point of sale transactions, ensuring compliance with Australian Consumer Law and protecting both merchant and customer interests.

find out more

Business Sale Confidentiality Agreement

An Australian-law governed confidentiality agreement for protecting sensitive information during business sale transactions.

find out more

Salesperson Contract

An Australian-compliant employment contract for sales professionals, covering compensation, duties, and performance expectations.

find out more

Motorcycle Sales Agreement

An Australian-compliant legal agreement for the sale and purchase of motorcycles, incorporating federal and state regulatory requirements.

find out more

Gas Purchase Agreement

An Australian law-governed agreement establishing terms and conditions for natural gas sale and purchase, including delivery, pricing, and operational requirements.

find out more

General Sales Contract

An Australian law-compliant contract template for the sale of goods, covering essential commercial terms and consumer protection requirements.

find out more

Sales And Distribution Agreement

An Australian-law governed Sales and Distribution Agreement establishing terms between supplier and distributor, including appointment, territory rights, and operational requirements.

find out more

Power Sales Agreement

An Australian-law governed agreement establishing terms for electricity sale and purchase between generators and buyers, compliant with National Electricity Market requirements.

find out more

Sales And Service Agreement

An Australian-law governed agreement combining sales and service provisions, establishing terms for supply of goods and related services with necessary consumer protections.

find out more

Sale And Buy Back Agreement

An Australian law-governed agreement establishing terms for asset sale and subsequent repurchase by the original seller, including pricing, timing, and interim obligations.

find out more

Installment Sale Agreement

An Australian-law governed agreement for the sale of goods with payment structured in installments, incorporating security interests and compliance with Australian consumer and commercial law.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.