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Short Form Asset Purchase Agreement
"I need a Short Form Asset Purchase Agreement under Malaysian law for the purchase of manufacturing equipment and related intellectual property from a local manufacturer, with completion planned for March 2025 and payment in three installments."
1. Parties: Identification of buyer and seller with full legal names and registration details
2. Background: Brief context of the transaction and purpose of the agreement
3. Definitions and Interpretation: Key defined terms and interpretation rules, kept minimal for a short-form agreement
4. Sale and Purchase: Core transaction terms including purchase price and basic payment mechanics
5. Completion: Timing and mechanics of closing, including deliverables
6. Seller's Warranties: Basic warranties regarding ownership, authority to sell, and asset condition
7. Buyer's Warranties: Basic warranties regarding authority to purchase and ability to pay
8. Confidentiality: Basic confidentiality obligations regarding the transaction
9. Notices: How formal notices under the agreement should be given
10. General: Essential boilerplate provisions including governing law, entire agreement, and amendments
1. Conditions Precedent: Include if completion is subject to specific conditions that must be satisfied first
2. Post-Completion Obligations: Include if there are specific tasks or obligations that must be performed after completion
3. Tax Matters: Include if there are specific tax arrangements or allocations between parties
4. Employee Matters: Include if the assets include employees or if employment issues need to be addressed
5. Intellectual Property: Include if IP assets are being transferred
6. Non-Competition: Include if seller needs to be restricted from competing post-sale
7. Third Party Consents: Include if certain assets require third party approval for transfer
8. Dispute Resolution: Include if specific dispute resolution mechanisms beyond courts are desired
1. Schedule 1 - Asset List: Detailed description of all assets being purchased
2. Schedule 2 - Purchase Price Allocation: Breakdown of purchase price across different asset categories
3. Schedule 3 - Completion Deliverables: List of documents and items to be delivered at completion
4. Schedule 4 - Form of Transfer Documents: Ƶ of any specific transfer documents required
5. Schedule 5 - Excluded Assets: List of specific assets excluded from the sale
6. Schedule 6 - Warranties: Detailed warranties if not included in main agreement
Authors
Manufacturing
Retail
Technology
Real Estate
Professional Services
Healthcare
Hospitality
Agriculture
Transportation
Construction
Energy
Mining
Education
Media and Entertainment
Legal
Finance
Corporate Development
Mergers & Acquisitions
Operations
Procurement
Risk & Compliance
Business Development
Commercial
Executive Leadership
Chief Executive Officer
Managing Director
Chief Financial Officer
Legal Counsel
Corporate Lawyer
Business Development Manager
Operations Director
Finance Manager
Company Secretary
Commercial Director
Asset Manager
Procurement Manager
Risk Manager
Investment Manager
Business Owner
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