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Partnership Sale Agreement
"I need a Partnership Sale Agreement under Swiss law for the sale of a 40% interest in an architectural firm in Zurich, with completion planned for March 2025, including special provisions for ongoing project commitments and client transitions."
1. Parties: Identification of the selling partner(s), purchasing partner(s), and the partnership entity
2. Background: Context of the partnership, reason for sale, and current ownership structure
3. Definitions and Interpretation: Key terms used throughout the agreement and rules for interpretation
4. Sale and Purchase: Core transaction terms including partnership interests being sold and purchase price
5. Purchase Price and Payment: Detailed payment terms, including payment method, timing, and any adjustments
6. Completion: Mechanics and requirements for closing the transaction
7. Seller's Warranties: Representations and warranties regarding the partnership interest, business, and seller's authority
8. Buyer's Warranties: Representations and warranties regarding buyer's authority and ability to complete the purchase
9. Pre-Completion Obligations: Obligations of parties between signing and completion, including business conduct requirements
10. Post-Completion Obligations: Ongoing obligations after completion, including transitional arrangements
11. Confidentiality: Obligations regarding confidential information and announcement of the transaction
12. Liability and Indemnification: Allocation of risks and responsibilities between parties
13. Notices: Process and requirements for formal communications between parties
14. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction for disputes
15. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments
1. Employee Matters: Required if employees are affected by the sale, addressing transfer of employment relationships and related obligations
2. Intellectual Property: Include if the partnership owns significant IP assets requiring specific transfer provisions
3. Real Estate: Required if the partnership owns or leases real estate requiring specific transfer arrangements
4. Ongoing Litigation: Include if there are pending legal proceedings affecting the partnership
5. Non-Competition: Include if selling partners need to be restricted from competing post-sale
6. Tax Matters: Detailed tax provisions required for complex transactions or specific tax arrangements
7. Environmental Matters: Include if the partnership has significant environmental liabilities or compliance obligations
8. Earn-out Provisions: Include if part of the purchase price is contingent on future performance
9. Bank Financing: Required if the purchase involves external financing arrangements
1. Partnership Information: Detailed information about the partnership structure, assets, and operations
2. Partnership Interests: Details of the partnership interests being transferred
3. Financial Statements: Recent financial statements and management accounts
4. Properties: List and details of owned and leased properties
5. Material Contracts: Key contracts and agreements affecting the partnership
6. Intellectual Property Rights: Schedule of IP rights owned or licensed by the partnership
7. Employee Information: Details of employees, employment terms, and benefits
8. Insurance Policies: List of insurance policies and claims history
9. Completion Requirements: Detailed list of documents and actions required for completion
10. Warranties: Detailed warranties and any specific disclosures against them
11. Form of Resignation Letters: Template resignation letters for departing partners/officers
12. Form of Transfer Instruments: Required transfer documentation under Swiss law
Authors
Professional Services
Legal Services
Accounting & Tax
Architecture
Engineering
Medical Practices
Consulting
Real Estate
Financial Services
Information Technology
Creative Agencies
Manufacturing
Retail
Construction
Healthcare
Legal
Finance
Corporate Secretariat
Tax
Compliance
Risk Management
Business Development
Corporate Development
Executive Leadership
Operations
Managing Partner
Senior Partner
Junior Partner
Chief Executive Officer
Chief Financial Officer
Legal Counsel
General Counsel
Corporate Lawyer
Transaction Manager
Business Development Director
Financial Controller
Tax Director
Partnership Secretary
Compliance Officer
Risk Manager
Managing Director
Finance Director
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