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Unconditional Sale And Purchase Agreement
"I need an Unconditional Sale and Purchase Agreement for the acquisition of a small manufacturing business in Melbourne, including all equipment and IP rights, with completion scheduled for March 15, 2025, and a purchase price of AUD 2.5 million."
1. Parties: Identification and details of the seller and purchaser, including ABN/ACN for companies
2. Background: Context of the sale and brief description of the subject matter being sold
3. Definitions and Interpretation: Defined terms and rules for interpreting the agreement
4. Sale and Purchase: Core agreement to sell and purchase, including the purchase price
5. Payment Terms: Details of how and when the purchase price will be paid
6. Completion: Requirements and process for completion of the sale
7. Seller's Obligations: Specific obligations of the seller including delivery and transfer of title
8. Purchaser's Obligations: Specific obligations of the purchaser including payment and acceptance
9. Warranties and Representations: Standard warranties given by both parties
10. Risk and Title: When risk and title pass from seller to purchaser
11. Default and Termination: Consequences of default and termination rights
12. Notices: How formal notices under the agreement must be given
13. General Provisions: Standard boilerplate provisions including governing law, entire agreement, etc
14. Execution: Execution blocks for parties to sign
1. GST: Required if the sale is subject to GST
2. Conditions Precedent: While this is an unconditional agreement, may be needed for regulatory requirements like FIRB approval
3. Intellectual Property: Required if the sale includes any IP rights
4. Employees: Required if the sale involves transfer of employees
5. Confidentiality: Required for sales involving sensitive commercial information
6. Post-Completion Obligations: Required if there are ongoing obligations after completion
7. Third Party Consents: Required if any third party approvals are needed
8. Tax Indemnities: Required for complex transactions with specific tax implications
9. Transitional Services: Required if seller will provide services post-completion
1. Asset Schedule: Detailed description of assets being sold
2. Purchase Price Allocation: Breakdown of purchase price across different assets if applicable
3. Form of Transfer Documents: Pro forma transfer documents to be executed at completion
4. Warranties: Detailed warranties given by the seller
5. Completion Checklist: List of actions and documents required for completion
6. Permitted Encumbrances: List of permitted encumbrances on the assets
7. Handover Items: List of items to be handed over at completion
8. Due Diligence Results: Summary of due diligence findings if relevant
Authors
Real Estate
Manufacturing
Retail
Technology
Agriculture
Mining
Professional Services
Healthcare
Construction
Transport and Logistics
Hospitality
Education
Financial Services
Energy
Telecommunications
Legal
Finance
Commercial
Operations
Procurement
Risk and Compliance
Business Development
Corporate Affairs
Property
Asset Management
Sales
Executive Leadership
Company Secretariat
Chief Executive Officer
Chief Financial Officer
General Counsel
Legal Counsel
Commercial Director
Business Development Manager
Property Manager
Asset Manager
Contract Manager
Procurement Manager
Company Secretary
Finance Manager
Operations Manager
Risk Manager
Compliance Officer
Corporate Lawyer
Transaction Manager
Sales Director
Managing Director
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