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Buy And Sell Agreement
"I need a Buy and Sell Agreement for the sale of my manufacturing business in Penang, Malaysia, to a Singapore-based company, with completion scheduled for March 2025 and including provisions for employee transfer and intellectual property rights."
1. Parties: Identification and details of the seller and buyer, including registration numbers for companies or ID numbers for individuals
2. Background: Context of the transaction and brief description of the subject matter being sold
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core terms of the transaction including the subject matter being sold and purchased
5. Purchase Price: Details of the purchase price, payment terms, and payment method
6. Completion: Timing and procedures for completing the transaction
7. Seller's Warranties: Warranties and representations made by the seller regarding the subject matter
8. Buyer's Warranties: Warranties and representations made by the buyer regarding their capacity to purchase
9. Pre-Completion Obligations: Obligations of both parties before completion of the sale
10. Post-Completion Obligations: Obligations of both parties after completion of the sale
11. Confidentiality: Provisions regarding confidential information and its protection
12. Governing Law: Specification of Malaysian law as governing law and jurisdiction
13. Notices: Procedures for serving notices under the agreement
14. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and severability
1. Due Diligence: Used when buyer requires a due diligence period before completion
2. Conditions Precedent: Include when completion is subject to certain conditions being met
3. Intellectual Property: Required when the sale includes transfer of intellectual property rights
4. Employee Matters: Necessary when the sale involves transfer of employees
5. Tax Matters: Include when specific tax arrangements or obligations need to be addressed
6. Non-Competition: Used when seller needs to be restricted from competing post-sale
7. Transition Services: Include when seller will provide post-completion support services
8. Break Fee: Used when parties want to specify compensation for transaction termination
1. Schedule 1 - Asset List: Detailed inventory of assets included in the sale
2. Schedule 2 - Excluded Assets: List of assets specifically excluded from the sale
3. Schedule 3 - Purchase Price Calculation: Detailed breakdown of how the purchase price was calculated
4. Schedule 4 - Completion Deliverables: List of documents and items to be delivered at completion
5. Schedule 5 - Warranties: Detailed warranties given by the seller
6. Schedule 6 - Existing Contracts: List of contracts being transferred as part of the sale
7. Schedule 7 - Intellectual Property: Details of any IP rights included in the sale
8. Appendix A - Form of Transfer Documents: Templates of documents required for transferring ownership
Authors
Retail
Manufacturing
Real Estate
Technology
Professional Services
Healthcare
Hospitality
Education
Construction
Agriculture
Mining
Transportation
Energy
Telecommunications
Financial Services
Legal
Finance
Corporate Development
Mergers & Acquisitions
Business Development
Risk & Compliance
Operations
Property Management
Asset Management
Commercial Operations
Chief Executive Officer
Managing Director
Business Owner
Chief Financial Officer
Legal Counsel
Corporate Lawyer
Business Development Manager
Mergers & Acquisitions Manager
Finance Director
Commercial Director
Contract Manager
Property Manager
Asset Manager
Company Secretary
Risk Manager
Compliance Officer
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