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Irrevocable Deed

Irrevocable Deed Template for Hong Kong

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Key Requirements PROMPT example:

Irrevocable Deed

"I need an Irrevocable Deed to transfer ownership of my company's intellectual property assets to a newly established Hong Kong holding company, with the transfer to take effect from March 1, 2025, including appropriate warranties and indemnities."

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Document background
The Irrevocable Deed is a specialized legal instrument used in Hong Kong when parties need to create binding obligations that cannot be unilaterally changed or revoked. This document type is particularly relevant in situations involving permanent transfers of property, establishment of trusts, creation of security interests, or other scenarios requiring absolute commitment. The deed must comply with Hong Kong's strict formal requirements, including proper execution, witnessing, and potential registration depending on the subject matter. It's commonly used in complex commercial transactions, family arrangements, and property dealings where certainty and permanence are essential. The irrevocable nature of the deed means it should only be used after careful consideration and typically with professional legal advice.
Suggested Sections

1. Parties: Full legal names and addresses of all parties to the deed, including their capacities

2. Background: Recitals explaining the context and purpose of the deed

3. Definitions and Interpretation: Definitions of key terms and interpretation rules

4. Declaration of Irrevocability: Express statement of the irrevocable nature of the deed

5. Operative Provisions: The main substance of what is being granted, transferred, or declared

6. Representations and Warranties: Statements of fact and assurances given by the parties

7. Covenants: Promises and obligations of the parties

8. Duration and Termination: Period of effectiveness and any circumstances that might affect the deed's operation

9. General Provisions: Standard boilerplate clauses including notices, severability, and entire agreement

10. Governing Law and Jurisdiction: Confirmation of Hong Kong law and jurisdiction

11. Execution: Formal execution blocks meeting Hong Kong deed requirements

Optional Sections

1. Powers of Attorney: Required if the deed includes any delegation of powers

2. Third Party Rights: Required if rights are being conferred on persons who are not parties to the deed

3. Further Assurance: Optional clause requiring parties to take additional steps to give effect to the deed

4. Indemnities: Required if any party is providing indemnification

5. Successors and Assigns: Required if rights/obligations are intended to bind successors

6. Confidentiality: Required if any provisions need to remain confidential

Suggested Schedules

1. Property Schedule: Details of any property or assets being transferred or affected

2. Rights and Obligations: Detailed list of specific rights and obligations being granted or assumed

3. Powers: Detailed list of powers being granted if applicable

4. Form of Notices: Standard forms for any notices required under the deed

5. Related Documents: List and/or copies of any related documents referenced in the deed

6. Execution Requirements: Specific requirements for execution, including any witness requirements

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Financial Services

Real Estate

Banking

Investment Management

Legal Services

Trust Services

Corporate Services

Insurance

Family Office

Wealth Management

Property Development

Asset Management

Relevant Teams

Legal

Compliance

Corporate Secretarial

Risk Management

Trust Administration

Property Management

Investment

Corporate Governance

Wealth Management

Asset Management

Relevant Roles

Legal Counsel

Company Secretary

Corporate Lawyer

Trust Officer

Property Manager

Compliance Officer

Risk Manager

Director

Chief Legal Officer

Estate Planning Manager

Investment Manager

Asset Manager

Corporate Governance Officer

Managing Partner

Relationship Manager

Industries
Conveyancing and Property Ordinance (Cap. 219): Primary legislation governing the execution of deeds in Hong Kong, including requirements for valid execution, delivery, and the formal requirements of deeds
Hong Kong Stamps Ordinance (Cap. 117): Governs stamp duty requirements for certain types of deeds, particularly those involving property or shares
Electronic Transactions Ordinance (Cap. 553): Relevant if the deed might be executed electronically, though note that deeds generally require physical execution in Hong Kong
Land Registration Ordinance (Cap. 128): Required consideration if the deed relates to land or property interests that require registration
Powers of Attorney Ordinance (Cap. 31): Relevant if the deed involves any delegation of powers or if it's to be executed by an attorney
Law Amendment and Reform (Consolidation) Ordinance (Cap. 23): Contains provisions affecting deed interpretation and execution requirements
Companies Ordinance (Cap. 622): Relevant if any party to the deed is a company, governing how companies can execute deeds
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

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