Transfer Of Business Ownership Agreement Template for Australia

1. Employee Matters: Required when employees are being transferred - covers treatment of employee entitlements, transfer arrangements, and related obligations

2. Intellectual Property: Required when significant IP assets are involved - covers transfer of IP rights and related licenses

3. Lease Assignment: Required when business premises are leased - covers assignment of lease and landlord consent requirements

4. Stock: Required when trading stock is a significant component - covers stock taking and valuation

5. Environmental Matters: Required for businesses with environmental compliance obligations or risks

6. Outstanding Litigation: Required when there are ongoing legal proceedings - addresses responsibility and conduct

7. Transition Services: Required when the seller will provide post-completion assistance or training

8. Earn-out Provisions: Required when part of the purchase price is contingent on future performance

1. Schedule 1 - Business Assets: Detailed list of all assets included in the sale

2. Schedule 2 - Excluded Assets: List of assets specifically excluded from the sale

3. Schedule 3 - Contracts: List of business contracts being transferred

4. Schedule 4 - Intellectual Property: Details of all IP rights, registrations, and licenses

5. Schedule 5 - Employees: List of employees and their key employment terms

6. Schedule 6 - Premises: Details of business premises and lease arrangements

7. Schedule 7 - Warranties: Detailed warranties given by the seller

8. Schedule 8 - Completion Checklist: List of all items to be delivered or actions to be taken at completion

9. Appendix A - Form of Transfer Documents: Pro forma transfer documents for various assets

10. Appendix B - Handover Checklist: Detailed list of operational items to be handed over