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The Business Transfer Letter is a essential document used in Hong Kong business transactions when one entity intends to transfer its business operations to another. It serves as both a formal notification and a preliminary agreement document, incorporating key elements required under Hong Kong law. This document is particularly important as it initiates the transfer process and sets out the fundamental terms of the transaction. The letter must comply with various Hong Kong ordinances and typically precedes more detailed transfer agreements. It's commonly used in situations ranging from small business sales to larger corporate restructurings, and must address specific Hong Kong regulatory requirements including creditor protection, employee rights, and business registration obligations. The Business Transfer Letter should clearly identify the parties, the business being transferred, key assets and liabilities, consideration, and completion requirements, while maintaining the formal letter format expected in Hong Kong business practice.

1. Sender Details: Full company name, registration number, and address of the transferor

2. Date: Date of the letter

3. Recipient Details: Full company name and address of the transferee

4. Subject Line: Clear indication that this is regarding a business transfer

5. Business Identification: Clear description of the business being transferred, including registration details

6. Transfer Terms: Key terms of the transfer including effective date and consideration

7. Assets and Liabilities: Brief overview of what is included/excluded in the transfer

8. Completion Requirements: Key actions required to complete the transfer

9. Closing: Signature block and execution details