¶¶Òõ¶ÌÊÓÆµ

Asset Purchase Term Sheet Template for Hong Kong

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Asset Purchase Term Sheet

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Asset Purchase Term Sheet

"I need an Asset Purchase Term Sheet for acquiring three commercial properties in Hong Kong's Central district, with completion targeted for March 2025 and including standard real estate due diligence provisions."

Document background
An Asset Purchase Term Sheet is a crucial preliminary document used in Hong Kong business transactions to establish the framework for asset acquisitions. It serves as a roadmap for the transaction, documenting the parties' preliminary understanding of key commercial terms before proceeding to detailed due diligence and definitive agreements. The document typically includes essential elements such as asset description, pricing, conditions, and timeline, while considering Hong Kong's legal and regulatory requirements. While most provisions are non-binding, certain sections like confidentiality and exclusivity are often binding. This document is particularly important in Hong Kong's dynamic business environment, where it helps parties align their expectations and facilitate efficient negotiation processes while adhering to local legal requirements.
Suggested Sections

1. Parties: Identification of buyer, seller and any guarantors

2. Background: Brief context of the transaction and purpose of the term sheet

3. Definitions: Key terms used throughout the document

4. Assets: Description of assets to be purchased

5. Purchase Price: Proposed consideration and payment terms

6. Timing: Key dates including signing, due diligence period, and completion

7. Key Conditions: Major conditions precedent to closing

8. Due Diligence: Scope and process of due diligence investigation

9. Exclusivity: Terms of exclusive negotiation period

10. Confidentiality: Confidentiality obligations of the parties

11. Costs: Allocation of transaction costs

12. Binding Effect: Specification of which provisions are legally binding

13. Governing Law: Applicable law and jurisdiction

Optional Sections

1. Earn-out Provisions: Additional payment terms based on future performance, used when part of purchase price is contingent

2. Employee Matters: Treatment of employees, used when assets include business operations with staff

3. Regulatory Approvals: Required governmental or regulatory approvals, used for regulated assets or industries

4. Environmental Matters: Environmental considerations and requirements, used for real estate or industrial assets

5. Intellectual Property: Special provisions for IP transfers, used when assets include intellectual property

6. Tax Structure: Proposed tax treatment, used for complex transactions with significant tax implications

7. Financing: Details of buyer's financing arrangements, used when purchase is subject to financing

8. Break Fee: Break fee provisions, used in high-value transactions or competitive situations

9. Post-Closing Covenants: Post-completion obligations, used when ongoing relationships exist

10. Transition Services: Transition support requirements, used when operational continuity is needed

Suggested Schedules

1. Asset Schedule: Detailed listing and description of assets to be purchased

2. Price Calculation: Detailed methodology for calculating purchase price

3. Excluded Assets: List of specific assets excluded from the transaction

4. Due Diligence Requirements: Detailed due diligence requirements and document list

5. Required Consents: List of third-party consents required for the transaction

6. Existing Encumbrances: List of existing liens, charges or encumbrances on the assets

7. Key Contracts: List of material contracts related to the assets

8. Timeline: Detailed transaction timeline and key milestones

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































Clauses






























Relevant Industries

Financial Services

Real Estate

Manufacturing

Technology

Retail

Healthcare

Energy

Infrastructure

Telecommunications

Professional Services

Transportation

Media and Entertainment

Relevant Teams

Legal

Finance

Corporate Development

Mergers & Acquisitions

Business Development

Risk Management

Compliance

Strategy

Tax

Treasury

Relevant Roles

Chief Executive Officer

Chief Financial Officer

General Counsel

Corporate Development Director

Investment Director

Head of Mergers & Acquisitions

Legal Counsel

Finance Director

Business Development Manager

Asset Manager

Transaction Manager

Due Diligence Manager

Commercial Director

Risk Manager

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Lack Of Work Termination Letter

A Hong Kong-compliant termination letter for redundancy situations, detailing notice period, severance pay, and final entitlements.

find out more

Shadow Equity Agreement

A Hong Kong law-governed agreement creating synthetic equity rights that mirror share ownership benefits without actual share issuance.

find out more

Company Merger Agreement

A Hong Kong law-governed agreement setting out terms and conditions for merging two or more companies, including merger structure, consideration, and completion requirements.

find out more

Soft Termination Letter

A Hong Kong-compliant mutual agreement document for amicable termination of employment or business relationships, outlining agreed separation terms.

find out more

Commercial Purchase Contract

A Hong Kong law-governed agreement setting out terms and conditions for the commercial sale and purchase of goods between businesses.

find out more

Stock Footage License Agreement

A Hong Kong law-governed agreement for licensing stock footage content, establishing usage rights, technical requirements, and payment terms.

find out more

Buyout Agreement

A Hong Kong law-governed agreement documenting the terms and conditions for the acquisition of a business, including purchase terms, warranties, and completion mechanics.

find out more

Stock Purchase Agreement

A Hong Kong law-governed agreement documenting the terms and conditions for the sale and purchase of shares in a company, including price, warranties, and completion mechanics.

find out more

Property Purchase Agreement

A Hong Kong law-governed agreement documenting the terms and conditions for the sale and purchase of real property, including all essential transaction elements and local legal requirements.

find out more

Business Acceptance Letter

A formal document under Hong Kong law confirming acceptance of business terms or proposals between parties, establishing the foundation for a business relationship.

find out more

Company Acquisition Agreement

A Hong Kong law-governed agreement for the sale and purchase of a company, detailing all transaction terms and conditions.

find out more

Business Acquisition Agreement

A Hong Kong law-governed agreement documenting the terms and conditions for the acquisition of a business, including purchase terms, warranties, and post-completion obligations.

find out more

Asset Purchase Term Sheet

A Hong Kong law-governed preliminary agreement outlining key terms and conditions for a proposed asset purchase transaction.

find out more

Acquisition Term Sheet

A Hong Kong law-governed preliminary document outlining key terms and conditions for a proposed acquisition, serving as the foundation for definitive agreements.

find out more

Acquisition Purchase Agreement

A Hong Kong law-governed agreement detailing the terms and conditions for the purchase and sale of a business or its assets.

find out more

Acquisition Letter Of Intent

A preliminary document governed by Hong Kong law that outlines the proposed terms and framework for a potential acquisition transaction.

find out more

Acquisition Confidentiality Agreement

A Hong Kong law-governed confidentiality agreement for M&A transactions, protecting sensitive information during due diligence and negotiations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’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; ³Ò±ð²Ô¾±±ð’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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.