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Shop Sale Agreement
"I need a Shop Sale Agreement for selling my small retail clothing store in Singapore, including the transfer of existing inventory and two part-time employees, with completion planned for March 2025."
1. Parties: Details of the seller and purchaser, including full legal names and registration numbers if companies
2. Background: Context of the sale, including brief description of the shop and purpose of agreement
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core terms of the sale including price and payment terms
5. Completion: Details of completion date and process
6. Seller's Warranties: Warranties regarding shop ownership, condition, and compliance
7. Execution Clause: Formal signing section
1. Employee Transfer: Section detailing the transfer of existing employees to the new owner, including terms and conditions of employment continuation
2. Intellectual Property: Provisions governing the transfer of business names, trademarks, and other intellectual property assets
3. Stock Transfer: Terms and conditions for the transfer of existing inventory, including valuation method and cut-off date
1. Schedule 1 - Property Details: Detailed description of shop premises including floor plan and boundaries
2. Schedule 2 - Inventory List: Comprehensive list of fixtures, fittings, and equipment included in the sale
3. Schedule 3 - Existing Contracts: List of ongoing contracts to be transferred to the purchaser
4. Appendix A - Due Diligence Documents: Copies of licenses, permits, and compliance certificates required for business operation
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