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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
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