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Asset Purchase Agreement Term Sheet
"I need an Asset Purchase Agreement Term Sheet for the purchase of manufacturing equipment and associated IP rights from a Singapore-based seller, with a target completion date of March 2025 and including provisions for employee transfers."
1. Parties: Identification of buyer and seller with full legal names and addresses
2. Background: Context of the transaction and brief description of the assets
3. Definitions: Key terms used throughout the term sheet
4. Purchase Price: Amount and payment terms including payment structure and timing
5. Assets Description: Detailed description of assets being purchased including all material components
6. Closing Conditions: Requirements and conditions precedent for completing the transaction
7. Timeline: Key dates and deadlines for the transaction completion
1. Due Diligence: Terms and conditions for buyer's investigation of assets and access to information
2. Employee Matters: Provisions regarding the treatment of employees and related liabilities
3. Regulatory Approvals: Required governmental and regulatory consents and approval process
4. Financing: Terms and conditions related to transaction funding and financing arrangements
1. Asset Schedule: Detailed listing and description of all assets included in the transaction
2. Excluded Assets Schedule: Comprehensive list of specifically excluded assets from the transaction
3. Purchase Price Allocation: Detailed breakdown of purchase price allocation across different asset categories
4. Required Consents: List of third-party approvals and consents required for the transaction
5. Due Diligence Checklist: Comprehensive list of documents and information to be reviewed during due diligence
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