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Business Sale Agreement
"I need a Business Sale Agreement for the sale of my small technology consulting firm in Singapore to a larger corporation, including the transfer of our proprietary software and client contracts, with completion planned for March 2025."
1. Parties: Identification and details of the buyer and seller
2. Background: Context of the transaction and brief description of the business
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core transaction terms including assets being sold
5. Purchase Price: Consideration and payment terms
6. Completion: Timing and mechanics of completion
7. Warranties: Seller's representations about the business
8. Limitations on Claims: Restrictions on warranty claims
1. Employee Transfer: Terms for transfer of employees - include when employees are being transferred as part of the business sale
2. Property Assignment: Terms for transfer of real property - include when real property assets are part of the sale
3. Intellectual Property Assignment: Terms for transfer of IP - include when intellectual property assets are being transferred
4. Non-Compete: Restrictions on seller's future activities - include when protecting goodwill of business is crucial
1. Asset Schedule: Detailed list of assets being transferred
2. Properties Schedule: Details of real property included in sale
3. Employee Schedule: List of transferring employees and their terms
4. Intellectual Property Schedule: List of IP rights being transferred
5. Contracts Schedule: List of contracts being assigned
6. Warranties Schedule: Detailed warranties given by seller
Authors
Agreed Form
Assets
Business
Business Day
Business Information
Business Intellectual Property
Completion
Completion Date
Confidential Information
Consideration
Contracts
Disclosure Letter
Effective Date
Employees
Encumbrance
Excluded Assets
Excluded Liabilities
Goodwill
Group
Intellectual Property Rights
Inventory
Key Employees
Liabilities
Long Stop Date
Loss
Material Adverse Change
Parties
Permitted Encumbrances
Properties
Purchase Price
Seller's Group
Seller's Knowledge
Signing Date
Tax
Tax Authority
Territory
Third Party
Transaction Documents
Transfer
Warranties
Working Capital
Sale and Purchase
Purchase Price
Conditions Precedent
Pre-Completion Obligations
Completion
Post-Completion Obligations
Warranties
Limitations on Claims
Tax Covenants
Employee Matters
Property Matters
Intellectual Property
Confidentiality
Non-Competition
Non-Solicitation
Assignment
Business Contracts
Third Party Rights
Force Majeure
Indemnification
Insurance
Announcements
Costs
Notices
Severability
Waiver
Entire Agreement
Variation
Further Assurance
Counterparts
Governing Law
Dispute Resolution
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