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Deed Of Absolute Sale Corporation

Deed Of Absolute Sale Corporation Template for Hong Kong

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Key Requirements PROMPT example:

Deed Of Absolute Sale Corporation

"I need a Deed of Absolute Sale Corporation for the transfer of our manufacturing facility in Kwai Chung, Hong Kong to a Singapore-based corporation, with completion planned for March 2025 and including provisions for existing equipment and machinery on the premises."

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Document background
The Deed of Absolute Sale Corporation is a crucial legal instrument used in Hong Kong for corporate property transactions. It is specifically designed for situations where one corporation transfers complete and unconditional ownership of real property to another corporate entity. This deed must comply with Hong Kong's legal framework, particularly the Conveyancing and Property Ordinance (Cap. 219) and Companies Ordinance (Cap. 622). The document includes essential elements such as corporate authorizations, property details, warranties, and completion requirements. It is commonly used in commercial property transactions, corporate restructuring, and business asset transfers. The deed must be properly executed with corporate seals and authorized signatures, and requires registration with the Hong Kong Land Registry to perfect the transfer of title.
Suggested Sections

1. Parties: Identification of the corporate seller and buyer, including their respective company registration numbers and registered addresses

2. Background: Context of the sale, including brief history of ownership and purpose of the transfer

3. Definitions: Definitions of key terms used throughout the deed

4. Property Details: Comprehensive description of the property being sold, including lot number, address, and registered particulars

5. Consideration: Purchase price and payment terms

6. Corporate Authority: Confirmation of corporate seller's authority to sell, including reference to relevant board resolutions

7. Transfer of Title: Legal mechanism of transfer and timing of title passage

8. Seller's Warranties: Warranties regarding title, capacity to sell, and property condition

9. Completion Requirements: Details of completion process, including timing, location, and deliverables

10. Costs and Stamp Duty: Allocation of transaction costs and stamp duty responsibilities

11. Execution: Formal execution blocks complying with Hong Kong requirements for corporate deeds

Optional Sections

1. Existing Tenancies: Required if the property is subject to ongoing leases or tenancies

2. Environmental Matters: Include when the property has potential environmental issues or compliance requirements

3. Planning Permissions: Needed if specific planning permissions or restrictions affect the property

4. Tax Indemnity: Include for complex corporate transactions with potential tax implications

5. Employee Matters: Required if the sale involves transfer of employees or related obligations

6. Intellectual Property: Include if the sale includes associated intellectual property rights

7. Post-Completion Obligations: Required when parties have continuing obligations after completion

Suggested Schedules

1. Property Schedule: Detailed property description, including plans and title documents

2. Board Resolutions: Copies of relevant corporate authorizations

3. Encumbrances Schedule: List of existing encumbrances, if any

4. Completion Checklist: List of documents and actions required for completion

5. Outstanding Liabilities: Schedule of any liabilities to be settled at completion

6. Property Rights: Details of easements, rights of way, or other property rights

7. Asset Register: Inventory of fixtures and fittings included in the sale

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions
Clauses




































Relevant Industries

Real Estate

Commercial Property

Industrial Manufacturing

Retail

Hospitality

Banking and Finance

Professional Services

Logistics and Warehousing

Technology and Data Centers

Healthcare

Education

Relevant Teams

Legal

Finance

Corporate Secretariat

Real Estate

Compliance

Risk Management

Operations

Facilities Management

Board of Directors

Property Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Company Secretary

Legal Counsel

Property Manager

Real Estate Director

Corporate Lawyer

Facilities Manager

Finance Director

Operations Director

Risk Manager

Compliance Officer

Board Directors

Property Portfolio 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

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