The Transfer of Sale Agreement is a fundamental commercial document used in Australian business transactions to formalize and execute the sale of assets or property. This agreement is essential when transferring ownership of various types of assets, from physical property to business assets, and even entire business operations. It should be used whenever there is a significant transfer of ownership that requires detailed documentation of terms, conditions, and warranties. The agreement must comply with Australian federal laws such as the Sale of Goods Act and Competition and Consumer Act, as well as relevant state legislation. A Transfer of Sale Agreement typically includes comprehensive details about the assets being transferred, purchase price, payment terms, warranties, completion procedures, and both parties' obligations. It serves as a crucial risk management tool by clearly documenting the transaction terms and protecting both parties' interests.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies and provides full details of the seller and buyer, including ACN/ABN for companies
2. Background: Outlines the context of the sale, identifies the assets/property being transferred, and states the parties' intention to enter into the agreement
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Sale and Purchase: Core section detailing the agreement to sell and purchase, including the assets/property being transferred
5. Purchase Price: Specifies the agreed purchase price, payment terms, and method of payment
6. Completion: Details the completion (settlement) process, timing, and requirements
7. Seller's Obligations: Lists all obligations of the seller before, during, and after completion
8. Buyer's Obligations: Lists all obligations of the buyer before, during, and after completion
9. Warranties: Contains warranties given by both parties, particularly the seller's warranties about the assets/property
10. Risk and Title: Specifies when risk and title pass from seller to buyer
11. Default and Termination: Outlines circumstances of default and termination rights
12. GST: Addresses GST treatment of the sale
13. General Provisions: Standard boilerplate clauses including notices, governing law, etc.
14. Execution: Formal execution blocks for all parties
1. Conditions Precedent: Used when completion is subject to certain conditions being satisfied
2. Due Diligence: Include when there's a due diligence period before completion
3. Adjustments: Required when there are adjustments to the purchase price (e.g., for outgoings, rates)
4. Employee Matters: Include when the sale involves transfer of employees
5. Intellectual Property: Required when IP assets are part of the sale
6. Post-Completion Obligations: Include when there are specific obligations after completion
7. Non-Compete Provisions: Used when restraint of trade is required
8. Transitional Services: Include when the seller will provide services post-completion
1. Asset Schedule: Detailed list and description of all assets being transferred
2. Purchase Price Allocation: Breakdown of purchase price across different asset categories
3. Form of Transfer Documents: Templates of transfer documents required at completion
4. Encumbrances: List of any existing encumbrances on the assets
5. Completion Checklist: List of items to be delivered/actions to be taken at completion
6. Warranties: Detailed warranties given by the seller
7. Excluded Assets: List of assets specifically excluded from the sale
8. Third Party Consents: List of required third party consents and their status
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Manufacturing
Retail
Professional Services
Technology
Agriculture
Mining
Construction
Healthcare
Education
Hospitality
Transport and Logistics
Financial Services
Energy
Relevant Teams
Legal
Finance
Operations
Commercial
Risk and Compliance
Business Development
Property Management
Asset Management
Corporate Secretariat
Due Diligence
Relevant Roles
Chief Executive Officer
Chief Financial Officer
General Counsel
Legal Counsel
Commercial Manager
Business Development Manager
Contract Manager
Asset Manager
Property Manager
Operations Manager
Finance Manager
Company Secretary
Risk Manager
Compliance Officer
Due Diligence Officer
Transaction Manager
Find the exact document you need
Assignment In Lease Agreement
An Australian law-governed agreement that transfers lease rights and obligations from an existing tenant to a new tenant, with landlord consent.
Download
Assignment Of Membership Interest
An Australian legal document facilitating the transfer of business membership interests from one party to another, governed by federal and state legislation.
Download
Confirmatory Patent Assignment
An Australian legal document confirming a previous patent rights transfer between parties, including detailed patent information and ownership warranties.
Download
Money Transfer Contract
An Australian law-governed agreement for money transfer services, ensuring regulatory compliance and defining service terms.
Download
Transfer Of Service Agreement
An Australian legal agreement governing the transfer of services between providers, ensuring compliant transition of operations, personnel, and obligations.
Download
Transfer Copyright Ownership Contract
An Australian law-compliant agreement that transfers full copyright ownership from one party to another, including all associated rights and obligations.
Download
Transfer Agency Agreement
An Australian-law governed agreement between a company and transfer agent for managing shareholder records and securities transfers, complying with local regulatory requirements.
Download
Employee Transfer Agreement
An Australian law-compliant agreement facilitating the transfer of employment between employers while preserving employee rights and entitlements.
Download
Car Ownership Transfer Agreement
An Australian legal agreement documenting the transfer of vehicle ownership between parties, ensuring compliance with federal and state vehicle transfer requirements.
Download
Business Asset Transfer Agreement
An Australian law agreement governing the transfer of business assets between entities, detailing terms, conditions, and completion requirements.
Download
Technology Transfer Contract
An Australian law-governed agreement for transferring technology, IP rights, and technical know-how between parties, including implementation and commercial terms.
Download
Source Code Transfer Agreement
An Australian law-governed agreement for transferring ownership and rights of software source code between parties, including delivery and acceptance provisions.
Download
Simple Business Sale Agreement
An Australian legal agreement for the straightforward sale and purchase of a business, outlining key terms and conditions of the transfer.
Download
Real Estate Transfer Agreement
An Australian legal document facilitating property ownership transfer between parties, compliant with federal and state property laws.
Download
Partial Assignment Of Lease
An Australian legal document that enables the transfer of part of a lease's rights and obligations from an existing tenant to a new tenant while maintaining some rights with the original tenant.
Download
Note Transfer Agreement
An Australian law-governed agreement facilitating the transfer of notes or debt instruments between parties, ensuring regulatory compliance and protecting all parties' interests.
Download
Interest Transfer Agreement
An Australian law-governed agreement facilitating the transfer of legal or beneficial interests between parties, compliant with federal and state regulations.
Download
Business Sales Agreement Contract
An Australian law-governed agreement documenting the terms and conditions for the sale and purchase of a business, including assets, obligations, and warranties.
Download
Asset Transfer Agreement Between Related Companies
Australian-law agreement for transferring assets between related companies within the same corporate group, ensuring regulatory compliance and proper documentation of intra-group transfers.
Download
Facility Transfer Agreement
An Australian law agreement governing the transfer of facility rights and obligations between financial institutions, ensuring regulatory compliance and proper transfer mechanics.
Download
Assignment Of Interest Agreement
An Australian law-compliant agreement for the formal transfer of rights, interests, or property from an Assignor to an Assignee.
Download
Promissory Note Transfer Agreement
An Australian law-governed agreement that documents the transfer of a promissory note from one party to another, including terms, conditions, and completion requirements.
Download
Software Ownership Transfer Agreement
An Australian law-governed agreement for transferring complete ownership rights of software from one party to another, including all associated intellectual property and assets.
Download
Simple Real Estate Purchase Agreement Between Family Members
An Australian-compliant real estate purchase agreement specifically designed for property transfers between family members, incorporating standard sale elements with family-specific considerations.
Download
Simple IP Assignment Agreement
An Australian-law governed agreement for transferring intellectual property rights from one party to another, ensuring legal compliance with Australian IP regulations.
Download
Intra Company Agreement
An Australian-law governed agreement that formalizes arrangements and relationships between related entities within a corporate group.
Download
Technology Sharing Agreement
An Australian law-governed agreement establishing terms for sharing proprietary technology between parties, including IP rights, implementation requirements, and security measures.
Download
Operations Transfer Agreement
An Australian law-governed agreement facilitating the transfer of business operations, assets, and responsibilities between entities.
Download
Intercompany Assignment Agreement
An Australian law agreement governing the temporary assignment of employees between related companies, establishing terms, conditions, and responsibilities of all parties.
Download
Unit Transfer Agreement
An Australian law-governed agreement facilitating the transfer of units in a unit trust between parties, including terms, conditions, and regulatory compliance requirements.
Download
Trademark Transfer Agreement
An Australian law-governed agreement for transferring trademark ownership, including all associated rights and obligations under the Trade Marks Act 1995.
Download
Simple Transfer Of Ownership Agreement
An Australian law-compliant agreement facilitating the transfer of ownership of property or assets between parties, with clear terms and warranties.
Download
Personal Property Transfer Agreement
An Australian law-governed agreement facilitating the formal transfer of personal property between parties, ensuring legal compliance and protection of interests.
Download
Intra Group Transfer Agreement
An Australian-law governed agreement for transferring assets, employees, or operations between entities within the same corporate group.
Download
Capital Transfer Agreement
An Australian-law governed agreement that documents and facilitates the transfer of capital between entities, ensuring regulatory compliance and defining transfer terms.
Download
Assignment Of Lease From Seller To Buyer
An Australian legal document that transfers lease rights and obligations from an existing tenant to a new tenant, subject to landlord's consent and state property laws.
Download
Transfer Payment Agreement
An Australian law-governed agreement establishing terms and conditions for structured payments between parties, including payment details, obligations, and compliance requirements.
Download
Franchise Transfer Agreement
An Australian law-governed agreement facilitating the transfer of franchise rights and obligations between franchisees, ensuring compliance with the Franchising Code of Conduct.
Download
Wire Transfer Agreement
An Australian-compliant agreement governing the terms and conditions for wire transfer services between a financial institution and its customers.
Download
Partnership Transfer Agreement
An Australian law-governed agreement facilitating the transfer of partnership interests, including terms, conditions, and obligations of all involved parties.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)