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Contract For Sale Of Business
"I need a Contract For Sale Of Business for the sale of my Singapore-based manufacturing company with 50 employees, including transfer of premises and machinery, with completion planned for March 2025."
1. Parties: Identification of seller and purchaser with full legal details
2. Background: Context of the sale and brief description of the business
3. Definitions: Key terms used throughout the agreement including relevant legislative references
4. Sale and Purchase: Core transaction terms including purchase price, payment terms, and scope of assets/business being transferred
5. Completion: Completion date, obligations, mechanics and conditions precedent
6. Warranties and Representations: Seller's warranties about the business, assets, employees, and compliance with Singapore laws
7. Employees: Treatment of existing employees, transfer provisions, and compliance with Employment Act
8. Restrictive Covenants: Non-compete and non-solicitation provisions in compliance with Competition Act
1. Property Transfer: Used when real estate is included in sale, including compliance with property laws and lease arrangements
2. Intellectual Property: Transfer of IP rights, including compliance with relevant IP laws and registration requirements
3. Environmental Matters: Environmental compliance and liabilities for manufacturing or industrial businesses
4. Data Protection: Provisions relating to transfer of personal data under PDPA 2012
1. Assets Schedule: Detailed list of all tangible and intangible assets included in the sale
2. Excluded Assets Schedule: List of assets explicitly excluded from the sale
3. Employee Schedule: List of transferring employees, their terms and benefits
4. Properties Schedule: Details of any real estate included in the sale including title information
5. Intellectual Property Schedule: List of all IP rights being transferred including registration details
6. Contracts Schedule: List of business contracts being assigned/transferred
7. Warranties Schedule: Detailed warranties given by the seller regarding the business
8. Regulatory Approvals Schedule: List of required regulatory approvals and licenses for the business transfer
Authors
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