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Assignment Of Asset Purchase Agreement Template for Germany

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Key Requirements PROMPT example:

Assignment Of Asset Purchase Agreement

"I need an Assignment of Asset Purchase Agreement under German law to transfer our manufacturing equipment purchase agreement dated March 15, 2025, from our German subsidiary to our newly established Austrian operating company, with the original seller's consent required."

Document background
The Assignment Of Asset Purchase Agreement is a crucial document used when a party wishes to transfer its rights and obligations under an existing Asset Purchase Agreement to another party under German law. This typically occurs in corporate restructurings, business optimizations, or when a purchaser wishes to transfer its acquisition rights to another entity. The document must comply with German Civil Code (BGB) requirements, particularly regarding assignment of rights (Abtretung) and assumption of obligations. It includes essential elements such as party details, assignment provisions, warranties, and any required consents from the original seller. The agreement should address all assets covered by the original purchase agreement and ensure proper transfer of both rights and obligations while maintaining legal certainty under German law.
Suggested Sections

1. Parties: Identification of the Assignor (original purchaser), Assignee (new purchaser), and optionally the Seller from the original Asset Purchase Agreement

2. Background: Context of the original Asset Purchase Agreement and the reason for assignment

3. Definitions: Key terms including 'Original Agreement', 'Assignment Date', 'Assets', and other relevant definitions

4. Original Agreement Details: Specific details of the Asset Purchase Agreement being assigned, including date, parties, and key terms

5. Assignment: Core provisions regarding the assignment of rights and obligations from the Assignor to the Assignee

6. Consideration: Details of any payment or consideration for the assignment

7. Effective Date: Specification of when the assignment becomes effective

8. Assignor's Warranties: Warranties regarding the Assignor's right to assign and status of the Original Agreement

9. Assignee's Undertakings: Commitments by the Assignee to perform the obligations under the Original Agreement

10. Further Assurance: Obligations to execute further documents and take actions necessary to effect the assignment

11. Governing Law and Jurisdiction: Specification of German law as governing law and jurisdiction for disputes

Optional Sections

1. Seller's Consent: Required when the Original Agreement requires the Seller's consent for assignment

2. Conditions Precedent: Include when the assignment is subject to certain conditions being met

3. Security Arrangements: Required when there are existing security arrangements that need to be transferred or new ones created

4. Tax Provisions: Include specific tax-related provisions when the assignment has significant tax implications

5. Confidentiality: Include when specific confidentiality obligations need to be addressed beyond those in the Original Agreement

6. Partial Assignment: Required when only certain rights or obligations are being assigned rather than the entire agreement

7. Notice Requirements: Include when specific notice requirements to third parties are necessary

Suggested Schedules

1. Original Asset Purchase Agreement: Copy of the complete Asset Purchase Agreement being assigned

2. Seller's Consent Letter: If required, the formal consent from the original seller

3. Assets Schedule: Detailed list of assets covered by the assignment, particularly if different from the Original Agreement

4. Required Notices: Forms of notices required to be given to various parties

5. Existing Security Arrangements: Details of any security arrangements that need to be addressed

6. Transfer Documents: Forms of any additional transfer documents required to effect the assignment

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Relevant Industries

Manufacturing

Real Estate

Technology

Retail

Healthcare

Energy

Financial Services

Transportation

Infrastructure

Telecommunications

Industrial

Consumer Goods

Professional Services

Agriculture

Mining

Relevant Teams

Legal

Finance

Corporate Development

Mergers & Acquisitions

Compliance

Risk Management

Corporate Secretariat

Business Development

Integration

Treasury

Relevant Roles

Legal Counsel

Corporate Lawyer

General Counsel

Chief Legal Officer

Mergers & Acquisitions Director

Chief Financial Officer

Financial Director

Corporate Development Manager

Business Development Director

Transaction Manager

Integration Manager

Risk Manager

Compliance Officer

Contract Manager

Company Secretary

Industries









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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