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Assignment Of Purchase Contract
"I need an Assignment Of Purchase Contract to transfer my rights under a commercial property purchase agreement in Singapore to my subsidiary company, with completion scheduled for March 15, 2025, and consideration of SGD 2.5 million."
1. Parties: Identifies assignor, assignee, and original contract parties
2. Background: Details of original purchase contract and reason for assignment
3. Definitions: Key terms used throughout the assignment agreement
4. Assignment: Core provisions detailing the transfer of rights and obligations
5. Consideration: Details of payment or value exchange for the assignment
6. Effective Date: When the assignment takes effect
7. Warranties: Assignor's warranties regarding the purchase contract and its rights to assign
1. Consent Provisions: Required if original contract requires consent for assignment
2. Security Provisions: Details of any security arrangements for secured obligations
3. Tax Provisions: Allocation of tax responsibilities and obligations
1. Original Purchase Contract: Copy of the contract being assigned
2. Consent Documents: Written consents from relevant parties where required
3. Payment Schedule: Schedule of installment payments if assignment consideration is paid in installments
4. Property Details: Detailed description of property if assignment involves real property
Authors
Assignment
Assignment Date
Assignor
Assignee
Business Day
Completion
Completion Date
Consideration
Effective Date
Encumbrance
Existing Contract
Original Purchase Contract
Original Seller
Parties
Purchase Price
Rights
Singapore Dollars
Subject Matter
Transaction Documents
Transfer
Outstanding Obligations
Warranties
Working Day
Consideration
Representations and Warranties
Conditions Precedent
Completion
Further Assurance
Notices
Stamp Duty
Costs and Expenses
Entire Agreement
Severability
Waiver
Assignment and Transfer
Governing Law
Dispute Resolution
Confidentiality
Third Party Rights
Counterparts
Force Majeure
Indemnification
Time of Essence
Amendment
Successors and Assigns
No Partnership
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