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Transfer employees
💶 TUPE employment provisions
TUPE Employee Provisions for Asset Purchase Agreement
TUPE Employee Provisions for Asset Purchase Agreement
Publisher one
Genie AIJurisdiction
England and WalesRelevant sectors
Type of legal document
💶 TUPE employment provisionsBusiness activity
Transfer employeesA type of employment provision is a type of agreement between an employer and an employee that sets forth the rights and responsibilities of each party. It is important to have a clear understanding of these provisions before starting work. Generally, these provisions cover topics such as wages, benefits, and working conditions.
This legal template pertains to the Employee Provisions section of an Asset Purchase Agreement under UK law, specifically focusing on the Transfer of Undertakings (Protection of Employment) Regulations (TUPE). TUPE regulations aim to safeguard the rights and benefits of employees when their employer undergoes a change in ownership or a transfer of business assets. This template would outline the necessary provisions and obligations that both the buyer (the new employer) and the seller (the previous employer) must adhere to in order to comply with TUPE regulations. It would cover areas like employee transfer, continuity of employment, collective bargaining agreements, redundancy procedures, consultation requirements, employee rights and protections, and any other relevant aspects of the transfer process.
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