Business Separation Agreement Template for Hong Kong

1. Intellectual Property Rights: Detailed provisions for IP transfer or licensing when significant IP assets are involved

2. Tax Matters: Specific tax arrangements and allocations when complex tax implications exist

3. Environmental Matters: Allocation of environmental liabilities and obligations for businesses with environmental impacts

4. Ongoing Collaboration: Framework for continued business relationship if parties will maintain some cooperation

5. Third Party Consents: Process for obtaining necessary third-party approvals when significant third-party contracts exist

6. Data Protection and Transfer: Specific provisions for handling personal data when significant customer/employee data is involved

7. Post-Separation Support: Additional support arrangements beyond standard transition services

8. Brand and Marketing: Provisions for brand usage and marketing during transition when shared branding exists

1. Schedule 1: Asset Register: Detailed list of assets being divided, including physical assets, contracts, and intellectual property

2. Schedule 2: Employee Transfer List: List of employees transferring to each party, including positions and terms

3. Schedule 3: Customer Allocation: Detailed allocation of customer accounts and contracts between parties

4. Schedule 4: Transition Services Agreement: Detailed terms and conditions of transition services, including service levels and costs

5. Schedule 5: Financial Settlements: Detailed calculations and terms of financial settlements between parties

6. Schedule 6: Assigned Contracts: List of contracts being assigned to each party

7. Schedule 7: Retained Liabilities: Detailed list of liabilities retained by each party

8. Appendix A: Separation Timeline: Detailed timeline of separation activities and milestones

9. Appendix B: Communication Plan: Template communications for employees, customers, and other stakeholders