Wholesale Assignment Contract

Wholesale Assignment Contract Template for Singapore

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Key Requirements PROMPT example:

"Need a Wholesale Assignment Contract under Singapore law to transfer our wholesale distribution rights for electronic components to ABC Trading Pte Ltd, including all existing supply agreements and receivables, with completion targeted for March 2025."

Document background

The Wholesale Assignment Contract serves as a crucial document in Singapore's commercial landscape, enabling businesses to transfer wholesale trading rights, supply agreements, or receivables. This contract type is particularly vital when restructuring distribution networks, selling business units, or reorganizing supply chains. The document, compliant with Singapore law, includes comprehensive details about the rights being assigned, warranties, consideration, and any conditions precedent. It's commonly used in situations requiring the formal transfer of wholesale trading arrangements, ensuring legal certainty and protection for all parties involved.

Suggested Sections

1. Parties: Details of assignor and assignee, including registration numbers if companies

2. Background: Context of the assignment and original rights/assets being assigned

3. Definitions: Key terms used throughout the agreement

4. Assignment: Core terms of the assignment, including scope and effective date

5. Consideration: Details of payment or other consideration for the assignment

6. Warranties and Representations: Assignor's warranties regarding ownership and right to assign

7. Governing Law and Jurisdiction: Specification of Singapore law and courts' jurisdiction

Optional Sections

1. Further Assurance: Obligation to execute additional documents if needed - used for complex assignments requiring additional documentation

2. Tax Provisions: Allocation of tax liabilities - used when significant tax implications exist

3. Confidentiality: Protection of sensitive information - used when assignment involves confidential information

Suggested Schedules

1. Schedule 1 - Assigned Rights: Detailed description of rights/assets being assigned

2. Schedule 2 - Form of Notice: Template notice to inform relevant third parties of the assignment

3. Schedule 3 - Existing Encumbrances: List of any existing charges or encumbrances on assigned rights

4. Schedule 4 - Payment Terms: Detailed payment schedule and mechanisms for assignments with complex payment structures

Authors

Alex Denne

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Manufacturing
Distribution
Retail
Import/Export
Logistics

Relevant Teams

Legal
Commercial
Procurement
Finance
Supply Chain

Relevant Roles

Commercial Director
Supply Chain Manager
Procurement Manager
Legal Counsel
Business Development Manager

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Let's create your Wholesale Assignment Contract

Authors

Alex Denne

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