Document background
A Sale Affidavit is a crucial legal document used in Hong Kong when formal sworn evidence of a sale transaction is required. This document is commonly used in property transactions, high-value sales, or situations where formal proof of sale details is necessary. The affidavit must comply with Hong Kong's Oaths and Declarations Ordinance and other relevant legislation, requiring execution before a Commissioner for Oaths or Notary Public. It typically contains detailed information about the seller (deponent), the property or goods being sold, transaction terms, and declarations about ownership and encumbrances. The Sale Affidavit serves multiple purposes, including providing evidence for legal proceedings, satisfying due diligence requirements, or meeting regulatory compliance needs. It's particularly important in situations where there might be future disputes about the sale or where formal documentation of the transaction is required by authorities or other stakeholders.
