Assumed Liabilities Asset Purchase Agreement Template for South Africa

1. Competition Law Compliance: Required when the transaction meets competition law thresholds

2. Environmental Matters: Needed when the assets include property with environmental concerns

3. Intellectual Property: Required when significant IP assets are involved

4. Third Party Consents: Needed when material contracts require consent for assignment

5. Post-Closing Covenants: Used when ongoing obligations exist after closing

6. Transition Services: Required when seller will provide services post-closing

7. BBBEE Provisions: Needed when transaction affects BBBEE status

8. Real Property: Required when immovable property is included in the sale

1. Schedule of Purchased Assets: Detailed inventory of all assets being transferred

2. Schedule of Assumed Liabilities: Comprehensive list of all liabilities being assumed

3. Schedule of Excluded Assets: List of assets explicitly excluded from the sale

4. Schedule of Excluded Liabilities: List of liabilities explicitly excluded from assumption

5. Employee Schedule: List of transferring employees and their key terms

6. Material Contracts: List of key contracts being assigned

7. Permitted Encumbrances: List of permitted liens and encumbrances on assets

8. Required Consents: List of required third-party consents

9. Closing Checklist: List of all required closing deliverables

10. Purchase Price Allocation: Breakdown of purchase price allocation for tax purposes